Amazon Executive Chair Jeff Bezos Reported Sale Of 11,997,698 Shares @ Avg Price Of $173.30/Share in Form 4 Filing
Portfolio Pulse from Charles Gross
Amazon's Executive Chair, Jeff Bezos, has sold 11,997,698 shares at an average price of $173.30 per share, as reported in a Form 4 filing.

February 13, 2024 | 9:38 pm
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Jeff Bezos, Amazon's Executive Chair, has sold 11,997,698 shares at an average price of $173.30 per share.
The sale of a significant number of shares by a high-profile executive like Jeff Bezos could lead to short-term negative sentiment among investors, potentially causing a decrease in Amazon's stock price. The large volume of shares sold and the high profile of the seller are likely to be interpreted by the market as a lack of confidence in the company's short-term prospects, despite the reasons for the sale not being disclosed.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100