Oracle’s Ellison continues his stock sales…
Call us obsessed. But just what is Oracle (ticker:ORCL) CEO Larry Ellison doing dumping all this stock?
On Monday, Ellison filed a Form 4indicating that he sold another 1 million shares at $20.636 per share to collect $20.636 million. (It took all of our computing power at Docu-drama headquarters to calculate that number). He still has 1.17 BILLION shares.
We can’t remember the last day Big Larry didn’t sell a million shares. Seriously. Stretching back to late September, he’s sold between 3 and 6 million shares every week. That puts his total sales for the last 2 months at $707.836 million.
If you’re looking for a new office pool, you can try to guess which day in December that Ellison will pass the $1 billion threshold this year. Don’t forget that he sold another $61 million back in January.
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Seems unlikely that Larry would sell off that much stock for no reason.Maybe he is going to help feed this nation’s hungry this Christmas or poor appalachian children with education? Nah, must be for something really needed by Larry like a heart transplant!