Remember Jeff Bezos' One-Off Amazon Stock Buy In Late May? Here's How Much The Billionaire Made From The Purchase
Portfolio Pulse from Shanthi Rexaline
Amazon founder Jeff Bezos bought one share of Amazon (NASDAQ:AMZN) in late May, his first purchase since 2002. Since then, the stock price has increased, resulting in an $8.70 gain on his investment. Bezos still owns about 10% of Amazon.
June 11, 2023 | 1:31 pm
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Jeff Bezos bought one share of Amazon, his first purchase since 2002. The stock price has increased since then, resulting in an $8.70 gain on his investment. Bezos still owns about 10% of Amazon.
While the news of Jeff Bezos buying one share of Amazon is interesting, it is unlikely to have a significant impact on the stock price in the short term. The purchase is too small to influence the market, and Bezos already owns a substantial portion of the company. The news may generate some buzz, but it is not critical for investors.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 100