Oracle stock slides after Ellison aborts pre-set $7.5B sale plan
Oracle shares fell about 4% after the company disclosed co-founder Larry Ellison canceled a pre-arranged 10b5-1 plan to sell 50 million Oracle shares, a move that would have been worth around $7.5 billion. No stock was sold and Ellison has no other sale plans. The news came amid a broader AI-stock selloff and concerns about Oracle’s debt load ahead of a Federal Reserve decision, weighing on the stock despite cloud-revenue strength.