CNBC says the Oracle founder had planned to sell up to $7.5 billion worth of shares in the software company.
Oracle founder Larry Ellison has canceled his plan to sell up to $7.5 billion worth of the company’s stock, CNBC reports.
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Many accounts welcomed Larry Ellison canceling the planned $7.5 billion Oracle stock sale as a strong vote of confidence in its AI buildout, while others called the reversal desperate or poor optics likely to hurt the stock.
Based on 36 sentiment-bearing replies from 34 accounts across 2 conversations.
Many accounts welcomed Larry Ellison canceling the planned $7.5 billion Oracle stock sale as a strong vote of confidence in its AI buildout, while others called the reversal desperate or poor optics likely to hurt the stock.
Based on 36 sentiment-bearing replies from 34 accounts across 2 conversations.
