Jeff Bezos Files to Sell $3B Worth of Amazon Shares at $200

Nov 1, 2024, 11:02 PM

Jeff Bezos, founder of Amazon, has filed to sell 16,354,620 shares of the company, amounting to approximately $3 billion. This move is part of a broader plan to sell up to 25 million shares by the end of 2025. Bezos previously sold 8 million shares in July when the stock price was around $200, and about 5 million shares have traded above this price today. The recent sale comes as Amazon's stock hovers around the $200 mark, a significant resistance level for the company. The sale follows a positive earnings print for $AMZN.