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Jeff Bezos just sold $2 billion in Amazon stock. That doesn't mean you should sell too.
AmazonAmazon(US:AMZN) Market Watch·2024-02-13 04:43

Amazon.com Inc. founder Jeff Bezos unloaded 2billionworthoftheecommercegiantsstocklastweek,butthatsnotasignalthatinvestorsshouldjoinhiminselling.Bezos,currentlythecompanysexecutivechair,dumpednearly12millionAmazonsharesAMZN,1.112 billion worth of the e-commerce giant’s stock last week, but that’s not a signal that investors should join him in selling. Bezos, currently the company’s executive chair, dumped nearly 12 million Amazon shares AMZN, -1.11% at an average price just north of 170 in a series of transactions made Wednesday and Thursday. The sales, which were disclosed in a Friday filing with the Securities and Exchange Commission, were his first since he unloaded 60 million share ...