Larry Ellison cancels plan to sell Oracle stock

JUST IN: Larry Ellison cancels plan to sell Oracle stock.

Larry Ellison just cancelled his plan to sell Oracle stock. He's not selling. That's the whole announcement, and honestly, it says plenty.

Here he is, the co-founder and the company's biggest shareholder, a man whose entire fortune is basically one giant ticker symbol. Insiders like him file these selling plans months in advance, precisely so nobody reads anything into the trades. Tearing one up is the opposite move. You cancel a sale when you'd rather hold every last share you've got.

And the market reads that the same way you and I do. When the person who knows Oracle better than anyone on earth decides his shares are worth more in his pocket than in cash, traders notice. It's the loudest thing a billionaire can say without opening his mouth.

The richest signal in markets is still the simplest one. The founder looked at the price, and chose to keep every share.

This is Sara White, reporting for HIT.