Bezos offloads $990 mn worth of Amazon stocks, total $2.8 bn in last week


Amazon.com Inc Chief Executive Officer Jeff Bezos offloaded $990 million worth of shares in the company last Thursday and Friday, taking the total value of shares sold last week to $2.8 billion. In the last three days of July, Bezos has sold stock worth about $1.

8 billion, regulatory filings here with the Securities and Exchange Commission showed. Amazon declined to comment on Bezos’ stock sale. The move comes as part of a previously announced 10b5-1 trading plan. Bezos had previously said he plans to sell stock worth.

This article is no longer available in our repository.

There could be multiple reasons for this.