Someone in the know sold 979,402 common shares of Oracle Corporation in the open market. In a transaction dated May 04, 2018, the shares were put up for sale at an average price of $45.4, raking in a sum of $44,464,851. After this sale, 22,983 common shares of ORCL are directly owned by the insider, with total stake valued at $1,064,573
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SO TRUE ---> The two stooges, TK, the lawyers and the accountants are all selling all the stock the can as fast as they. They all know how F:ed oracle is and all the cloud fraud they’ve perpetrated
Who does TK play tennis with? That might be an option for him.
I'm sure he won't be expected to do actual work, not at that level. Grovel at the feet of some tennis buddy seems to be all that is required.
Who in their right mind would hire TK?
Then again, someone hired MH, but there aren’t too many LJEs around ...
Looks like TK is selling out. It's about time, they should tell him to leave, not wait for him to find a position elsewhere.
From the link posted in here on insider trades:
Oracle Corporation (NYSE:ORCL) Insider Trades
Multiple company employees have indulged in significant insider trading. Oracle Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Garcia-Molina Hector has sold 3,750 shares of Oracle Corporation (ORCL) in trading session dated May. 15, 2018. These shares are worth $174,413 and were traded at $46.51 each. The SEC filing shows that Doe Edward performed a sale of 500,000 shares. The Chief Corporate Architect disposed these shares by way of transaction on May. 10, 2018. The company’s shares were given away at $46.89 per share worth to an income of some $23,445,000 on account of Doe Edward.
President-Product Development, Kurian Thomas, sold 979,402 common shares of Oracle Corporation (ORCL) in the open market. In a transaction dated May. 04, 2018, the shares were put up for sale at an average price of $45.4, raking in a sum of $44,464,851. After this sale, 22,983 common shares of ORCL are directly owned by the insider, with total stake valued at $1,063,653.
In the transaction dated Apr. 30, 2018, the great number of shares disposed came courtesy the President-Product Development; Kurian Thomas disposed a total of 57,155 shares at an average price of $46, amounting to approximately $2,629,130. The insider now directly owns 22,983 shares worth $1,063,653.
The closed communication period begins on the 15th day of the third month of each quarter and ends immediately after Oracle’s quarterly earnings call.
This article spells it out. Thought it was interesting they called out significant insider trading.
https://postanalyst.com/2018/06/18/which-insiders-are-selling-oracle-corporation-orcl/
Some of these guys will sell anyway, disguise it as an automated sell or some such. They know how to get away with sh--.
It's down all the way from here and they know it. So does JPM.
This is within the quiet period when executives cannot sell stock. It was probably not someone who works for Oracle.
The two stooges, TK, the lawyers and the accountants are all selling all the stock the can as fast as they. LE is stuck. They all know how F:ed oracle is and all the cloud fraud they’ve perpetrated