$CRWV CEO Michael Intrator has canceled his prearranged stock sale plan (10b5-1), signaling that he considers the stock extremely undervalued.
“Until there is a material change in our equity pricing, my 10b5 has been sidelined.”
Larry Ellison has also abandoned his plan to sell 50M $ORCL shares to help finance his son’s acquisition of Warner Bros.
$ORCL is down 30% from when the plan was established, and Ellison reportedly believes the stock is way undervalued.
These are the people who know their companies better than anyone else. They have direct visibility into customer demand, financial performance, and future growth prospects.
Both have decided that selling shares at current prices makes no sense.
The market is offering massive opportunities right now.
“Until there is a material change in our equity pricing, my 10b5 has been sidelined.”
Larry Ellison has also abandoned his plan to sell 50M $ORCL shares to help finance his son’s acquisition of Warner Bros.
$ORCL is down 30% from when the plan was established, and Ellison reportedly believes the stock is way undervalued.
These are the people who know their companies better than anyone else. They have direct visibility into customer demand, financial performance, and future growth prospects.
Both have decided that selling shares at current prices makes no sense.
The market is offering massive opportunities right now.
