Amazon.com Inc. Amzn Founder and executive chairman, Jeff Bezoshas continued his selling spree in the company and this week discharges a new $ 666 million tranche.
View the current price of AMZN shares here.
What happened: According to a Form 4 application submitted to the US Securities and Exchange Commission on Tuesday, Bezos has thrown around 2.97 million shares in the e-commerce giant, over two transactions of July 3 and July 7, at average prices of $ 223.73 and $ 223.92 per share respectively.
The transactions were carried out on the basis of a previously agreed rule 10b5-1 trading plan that was assumed in March 2025, which was essentially designed to enable insiders of companies to sell shares at predetermined times and volumes, without concern about the trade in prior knowledge.
See also: ‘Sold his soul … The devil is smiling’ – Rosie O’Donnell shoots Jeff Bezos’ $ 50 million wedding, Oprah, and his’ Nep Fembot -Vrouw ‘in Scathing Rant
After the transaction, Bezos still has more than 902 million shares in Amazon, or just under 10% of the total outstanding shares, worth $ 197 billion at current market prices.
This comes just a few weeks after Bezos bound the knot with old partner, Lauren SánchezIn a wedding of $ 50 million in Venice, two weeks ago in a stars.
Why it matters: More than a week ago, Bezos sold another tranche of the company’s shares, worth $ 737 million, as part of the same pre -agreed trading plan.
According to a submission of 10 Q in May, Bezos is planning to sell shares worth $ 5 billion in the company, until May 2026, aimed at financing its Space Exploration Company, BlueIn addition to other companies and charity organizations.
Bezos’s assets is currently $ 240 billion, according to Unpleasant The Bloomberg Billionaires Index, with its possession in Amazon that is a significant part of it. The rest comes from his ownership of Blue Origin, which is marked on the basis of the investment basis.
Price promotion: Amazon shares fell by 1.84% on Tuesday, traded at $ 219.36 and rose 0.13% after hours.
According to Benzinga’s Edge Stock RankingsThe shares score well on growth, ranked on the 96th percentile, and has a favorable price trend in the short, medium and long conditions. Click Here for deeper insights in the stock.
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