Amazon shares slid Tuesday after founder Jeff Bezos filed plans to sell over $4 billion worth of Amazon stock.
Shares of Amazon are still up about 20% year-to-date, boosted by strong earnings and revenue growth.
Amazon's stock hit a record high Monday. It's pulling back today following the news that founder Jeff Bezos plans to part with some shares.
Amazon (AMZN) shares were down 2% recently, leading Dow Jones Industrial Average decliners on a day when the broader index gained, after a regulatory filing revealed that Bezos intends to sell 15 million shares worth more than $4.07 billion.
The Form 144 filing with the Securities and Exchange Commission also indicated that on May 4, Bezos donated 220,200 shares to non-profit organizations.
#amazon #jeff #founder
Shares of Amazon are still up about 20% year-to-date, boosted by strong earnings and revenue growth.
Amazon's stock hit a record high Monday. It's pulling back today following the news that founder Jeff Bezos plans to part with some shares.
Amazon (AMZN) shares were down 2% recently, leading Dow Jones Industrial Average decliners on a day when the broader index gained, after a regulatory filing revealed that Bezos intends to sell 15 million shares worth more than $4.07 billion.
The Form 144 filing with the Securities and Exchange Commission also indicated that on May 4, Bezos donated 220,200 shares to non-profit organizations.
#amazon #jeff #founder
2 months ago
