Larry Ellison to Sell Up to $7.5 Billion in Oracle Shares

Oracle founder Larry Ellison plans to sell a portion of his shares in the company. It is stated that Ellison will sell up to 50 million shares, and the total value of this sale could reach $7.5 billion. This move coincides with a period of increasing revenue from Oracle's data centers. The company recorded revenue growth in its data center business. Meanwhile, investors have expressed concerns that Oracle is overly tied to the field of artificial intelligence. Worries that the company's commitments to this technology may be excessive are on the agenda along with the news of the share sale. Ellison's sales plan is being closely watched in terms of the company's financial performance and investor perception. Not investment advice.

📊 ORCL — Piyasa Yorumu

▼ down · 65%

The news that Larry Ellison will sell up to $7.5 billion worth of Oracle shares is a significant negative signal that could create short-term supply pressure. The stock has already fallen 7.4% in the last 24 hours and the RSI is at 32.5, approaching oversold territory; this selling news could deepen the decline. The MACD is negative and below the signal line, and the price is trading below the 20- and 50-day moving averages, confirming a downward short-term trend. However, insider selling news may sometimes already be priced in, and oversold conditions could trigger bargain hunting. Nevertheless, the overall picture suggests that downside risk persists for the next 1-3 days.

RSI 14

32.5

MACD

-1.78

24h Δ

-7.40%

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