Oracle Stock Falls After Ellison Scraps Plan To Sell Up To $7.5 Billion In Stock

Oracle (ORCL) stock slumped Monday, following weekend drama that saw the company announce Chairman Larry Ellison has canceled plans to sell about $7.5 billion worth of his stake, shortly after the plan was first disclosed. Oracle said in a news release Saturday that Ellison has canceled his 10b5-1 trading plan. “No Oracle stock was sold under that plan, and he…