Amazon.com, Inc. (AMZN) CEO Sold $1M Shares In Q3

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Mani
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Amazon.com, Inc. (NASDAQ:AMZN) CEO Jeff Bezos sold the largest number of Amazon shares in 3 years selling 1 million shares during the third quarter. The sale reduced Jeff Bezos’s ownership stake in Amazon.com, Inc. (NASDAQ:AMZN) by less than 1% to 85 million shares. Jeff Bezos sold 1 million Amazon shares in August Interestingly, Jeff Bezos sold 1 million shares of Amazon.com, Inc. (NASDAQ:AMZN) for $306.1 million in early August. In both the cases, the sales were accomplished with a 10b5-1 plan, which is structured in advance and permits insiders to distance themselves from their activity. Some wonder whether he has embarked on…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports