Oracle (ORCL) shares plunged 5.01% in Monday's intraday trading session, following revelations that CEO Safra Catz sold a significant amount of company stock just weeks before former President Donald Trump's tariff announcements triggered a market-wide selloff.
According to recent reports, Catz exercised 3.8 million options in January, netting around $705 million as Oracle shares were trading above $180. Since then, Oracle's stock has fallen more than 25%, with today's sharp decline adding to the downward pressure. The timing of the sale, which occurred before Trump's April 2 announcement of a sweeping new tariff strategy dubbed "Liberation Day," has raised questions among investors and market watchers.
The broader market context is significant, with the S&P 500 down 10.2% year-to-date and the "Magnificent Seven" tech giants collectively erasing trillions in market value. Oracle's decline appears to be part of this larger tech sector retreat, exacerbated by the insider selling revelation. As uncertainty over tariffs continues to affect everything from phones to semiconductors, Oracle and other tech stocks may face further volatility in the coming weeks.
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