$Amazon.com(AMZN)$ $SPDR S&P 500 ETF Trust(SPY)$ When Amazon founder Jeff Bezos sells shares of the e-commerce and cloud computing giant he built from scratch, the market tends to take notice. Recently, Bezos offloaded approximately $3 million worth of Amazon stock, reigniting debate about what his moves signal for the stock’s future. Does the world’s second-richest man know something the rest of us don’t? Or is this merely another example of prudent diversification and personal liquidity needs, rather than a reflection of Amazon’s underlying prospects? Investors now face a familiar conundrum: should they heed Bezos’ actions as a warning of more pain ahead for Amazon shareholders, or see this as yet an
Bezos Sold $3Mln Amazon: More Pain to Come or Chance to Add?
A regulatory filing on Tuesday revealed that Amazon founder Jeff Bezos sold nearly 3 million shares of Amazon stock over two days in July, worth $665.8 million. The stock sale is part of a previously announced plan under which Bezos intends to sell up to 25 million Amazon shares by May 2026. Sales during the first four hours of Amazon Prime Day dropped 14% year-over-year. ------------ Will you add Amazon at $200?
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