PineStone Sells $41.1 Million in Oracle Stock After Rally — Here's What Long-Term Investors Should Know

PineStone Asset Management Inc. disclosed the sale of 161,430 Oracle Corporation shares for an estimated $41.11 million in the third quarter, according to an SEC filing released on Friday.PineStone Asset Management Inc. reduced its position in Oracle Corporation (NYSE:ORCL) by 161,430 shares during the quarter, according to its Friday SEC filing. The estimated value of the shares sold was $41.1 million, calculated using the average closing price for the quarter. After the trade, PineStone’s Oracle stake stood at 3.4 million shares, worth $964.5 million at quarter-end.PineStone’s sale brings its Oracle position to 6% of reportable U.S. equity assets.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool