Oracle’s Ellison cancels plan to sell up to 50 mln shares

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1. 54m ago

   Larry Ellison cancels 50 million Oracle share sale

   Oracle Executive Chairman Larry Ellison scrapped a trading plan to sell 50 million shares of company stock. The canceled sale was valued at approximately $7.5 billion. Oracle disclosed the decision on Saturday but did not state a reason for the reversal. While the move removes a potential source of selling pressure on the stock, shares fell 4.7% following the news. The company is currently funding a costly expansion into artificial intelligence infrastructure.

   Why it matters

   Ellison previously adopted a formal plan to liquidate a portion of his holdings. This reversal comes as Oracle reports record Q1 results and some analysts raise price targets. The cancellation is not a corporate buyback or a new investment.

   What is confirmed

   • Larry Ellison canceled a plan to sell 50 million Oracle shares.
   • The potential sale was valued at approximately $7.5 billion.

   Still unconfirmed

   • Oracle shares fell 4.7% despite the cancellation of the share sale.
   • Oracle disclosed the change on Saturday.

   What to watch next

   • Official explanation from Oracle regarding the reason for the cancellation
   • Future filings regarding Ellison's stock holdings
   • Quarterly updates on AI infrastructure spending
   Sources used for this update (2)

   1. www.tekedia.com — Larry Ellison Cancels Planned $7.5 Billion Oracle Stock Sale as Shares Slide
   2. finance.yahoo.com — Oracle Falls 4.7% Despite Ellison Scrapping a 50 Million-Share Sale
   confidence 90%
2. 1d ago

   Larry Ellison cancels plan to sell $7.5 billion in Oracle stock

   Oracle Executive Chairman Larry Ellison canceled a trading plan to sell up to 50 million shares of company stock. The potential sale was valued at approximately $7.5 billion based on recent market prices. This decision follows a period where Ellison had adopted a formal trading plan to liquidate a portion of his holdings. The reversal occurs as Oracle reports record Q1 results and some analysts increase their price targets for the company stock.

   Why it matters

   Ellison is a co-founder of Oracle and holds a significant ownership stake. Large-scale sales by executives often signal a lack of confidence or a desire to diversify wealth, while cancellations can suggest a positive outlook on future valuation.

   What is confirmed

   • Larry Ellison canceled his plan to sell Oracle stock.
   • The canceled plan involved selling up to 50 million shares.
   • The potential sale was valued at approximately $7.5 billion.

   Still unconfirmed

   • Barclays lifted its price target for Oracle to $252.
   • Oracle stock is trading at $154 following record Q1 results.

   What to watch next

   • New SEC filings regarding Ellison's share ownership
   • Future updates to executive trading plans
   • Oracle's next quarterly earnings report
   Sources used for this update (8)

   1. Oracle - Investor Relations — Larry Ellison Cancels His Plan to Sell Oracle Stock
   2. CNBC — Oracle's Larry Ellison adopts trading plan to sell up to $7.5 billion worth of stock
   3. Reuters — Larry Ellison cancels plan to sell Oracle stock
   4. TechCrunch — Larry Ellison cancels $7.5 billion sale of Oracle stock
   5. Yahoo Finance — Oracle’s Ellison cancels plan to sell up to 50 mln shares
   6. blockonomi.com — Oracle (ORCL) Stock: Ellison Abandons $7.5B Share Sale as Analysts Boost Targets
   7. pulse2.com — Larry Ellison Cancels Plan To Sell Up To $7.5 Billion Of Oracle Stock
   8. www.thewealthadvisor.com — Larry Ellison Scraps A Plan To Sell $7.5 Billion Of Oracle Stock
   confidence 100%