Larry probably feels his planned sale would probably tank the share price even more. But with Fed rate hikes expected, we are not sure this can help. Whatever the case, the sale would hurt the value of his remaining holding. 

Larry Ellison Cancels Plan to Sell Oracle Stock

$Oracle(ORCL)$ Executive Chairman Larry Ellison has canceled his plan to sell 50 million shares of Oracle stock, the company said on Saturday."No Oracle stock was sold under that plan, and he has no...
Larry Ellison Cancels Plan to Sell Oracle Stock

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet