Larry Ellison scraps $7.5 billion Oracle stock sale one day after it became public

Crypto Insight Summary: Larry Ellison has killed a plan that could have moved as much as $7.5 billion of his Oracle shares into the market, only a day after the plan became public. Oracle (NYSE: ORCL) said Saturday that its co-founder would not sell any stock under the arrangement. The Austin, Texas company disclosed a day earlier that... Crypto Insight Analysis: Direction: Bullish ORCL Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Cancellation of large stock sale reduces supply pressure on Oracle shares.