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55FINANCE

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

⚡ Markets: The cancellation removes a large potential supply of stock from the market, which is typically viewed as a bullish signal by investors, suggesting insider confidence.ORCL

Oracle's founder and chairman, Larry Ellison, has cancelled a pre-arranged trading plan to sell up to $7.5 billion worth of his shares in the company. The plan was terminated just one day after it was publicly disclosed, with no reason provided for the reversal.

West MSM 1Financial press 4Regional 24 countries
7 sources across the spectrum
West MSMReuters — Larry Ellison cancels plan to sell Oracle stock worth up to $7.5 billion
Financial pressFinancial Times — Larry Ellison cancels $7.5bn Oracle share sale
Financial pressCNBC — Larry Ellison nixes plan to offload up to $7.5 billion worth of Oracle stock
Financial pressWall Street Journal — Larry Ellison Scraps Plan to Sell Up to $7.5 Billion Worth of Oracle Stock
Financial pressBloomberg — Larry Ellison Ends Plan to Sell Up to $7.5 Billion in Oracle Stock
RegionalTimes of India — Why Oracle founder Larry Ellison changed his mind on a $7.5 billion stock sale in a day
RegionalKompas — Larry Ellison Batalkan Rencana Jual Saham Oracle Rp 131 Triliun
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