Bezos Plans $4B Amazon Stake Sale as AMZN Rallies on Earnings
TL;DR
Jeff Bezos plans to sell up to 15 million Amazon shares worth about $4.07 billion under a prearranged Form 144 through Morgan Stanley Smith Barney, a small portion of the company’s 10.78 billion shares. The move comes as Amazon posted a second-quarter beat (revenue $200.61B, EPS $5.75) and issued Q3 guidance below estimates, helping AMZN climb about 20.6% since earnings. On Monday the stock closed around $284.02, up 4.6% for the day, while CNBC’s Jim Cramer called the sale a “buzzkill.”
- Amazon Stock Rally Cools After Hours as Jeff Bezos Plans Sale - Amazon.com (NASDAQ:AMZN) Benzinga
- Amazon Joins Elite List of Stocks to Top $3 Trillion in Value Bloomberg.com
- The AI Economy Welcomes Its Latest $3 Trillion Club Member WSJ
- Amazon.com Announces Second Quarter Results Amazon Investor Relations
- Amazon tops $3 trillion market cap as stock continues post-earnings surge CNBC
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