Bezos Sells $4 Billion in Amazon Stock After Record Rally

Market VOWS
1 Min Read

Jeff Bezos is set to sell 15 million Amazon shares, valued at approximately $4.1 billion, following a significant surge in the company’s stock price. This move comes after Amazon reported stronger-than-expected earnings, boosting investor confidence in its AI investments and pushing its market cap over $3 trillion.

The sale, disclosed via a filing, occurred after Amazon shares hit an all-time high. Despite the planned divestment, Amazon’s stock has performed exceptionally well this year, outpacing the broader market.

READ MORE FROM CNBC

Share This Article
Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This Week Loading...
Fetching...
Read
LinkedIn
Share
WhatsApp
Follow by Email