Larry Ellison Cancels Plan To Sell $7.5 Billion In Oracle Stock After His Net Worth Dropped $200 Billion In A Year

Oracle co-founder Larry Ellison cancelled a Rule 10b5-1 trading plan that would have permitted sales of up to 50 million Oracle shares. CNBC valued the potential planned sales at roughly $7 billion, though the article text does not state a reason for the cancellation. The development removes a potential source of insider selling but does not indicate a change in Oracle's operating outlook.