Larry Ellison, the boss of Oracle, has canceled his plan to sell up to 50 million shares of the company’s stock. The company made it clear: not a single share from the plan was sold, and there are no other plans to sell Oracle stock. The sell-off plan was canceled less than two days after being disclosed—this move is kind of puzzling. That said, removing the expectation of a major insider sale in the near term is essentially the founder signaling through his actions that he won’t be reducing his holdings at this price level, which is a good thing. Of course, canceling the sale ≠ guaranteeing the stock price will immediately rise, nor does it mean the company’s cash flow and profit margin issues are resolved. But it does remove a negative factor and sends a somewhat positive signal from an insider. This allows everyone to refocus on the company’s performance fundamentals and the impact of macroeconomic factors, without worrying about yet another variable. This post is sponsored by @bitget_zh, "Bitget Buy US Stocks: Instant entry, seamless trading