Oracle Shares Drop 4.6% After Larry Ellison Cancels $7.5 Billion Sale

Oracle shares fell 4.6% Monday after co-fo under Larry Ellison canceled a planned sale of up to $7.5 billion in company stock. The plan covered 50 million shares and was disclosed Friday before Ellison withdrew it Saturday. Oracle said no shares had been sold under the arrangement, and Ellison has no current plans to sell more stock.

The reversal surprised investors because Ellison rarely changes a multibillion-dollar trading plan immediately after disclosure. However, Oracle faces growing scrutiny over its aggressive artificial intelligence infrastructure spending, rising debt and pressure on cash flow. The company expects to spend as much as $95 billion on capital projects in fiscal 2027. Meanwhile, Oracle’s cloud infrastructure revenue rose 121% in its latest quarter, showing strong demand despite financing concerns.

Oracle shares have now declined sharply from their 2025 peak, adding pressure to investor sentiment. The company is scheduled to hold an analyst day on October 28, when investors will look for updated guidance on spending, margins and financing.