[ad_1]
Published: February 15, 2024 at 7:56 PM ET
Billionaire Jeff Bezos has sold another $2 billion in Amazon.com stock, bringing his total stock sale this month to about $6 billion.
Amazon AMZN founder and executive chairman sold about 12 million Amazon shares on Tuesday and Wednesday at prices between $166.50 and $170.92 per share, according to a filing with the Securities and Exchange Commission on Thursday.
Bezos…
Billionaire Jeff Bezos has sold another $2 billion in Amazon.com stock, bringing his total stock sale this month to about $6 billion.
According to a filing with the Securities and Exchange Commission on Thursday, Amazon.
AMZN
The founder and executive chairman sold about 12 million Amazon shares on Tuesday and Wednesday at prices ranging from $166.50 to $170.92 per share.
Bezos began selling his Amazon shares on February 7 as part of a prearranged plan to sell up to 50 million Amazon shares by the end of January 2025.
He has sold about 36 million shares so far, roughly 12 million in each tranche.
Ben Silverman, vice president of research at VerityData, previously said that based on a review of Bezos’ past sales efforts, he is likely to concentrate sales over a few days rather than spread them out over weeks or months. It pointed out.
Bezos still owns about $166 billion in Amazon stock, closing in on Tesla Inc.
TSLA
CEO Elon Musk has been named the world’s richest individual. As of Thursday, Mr. Bezos was worth about $194 billion, second only to Mr. Musk’s $214 billion, according to the Bloomberg Billionaires Index.
Amazon stock has increased about 12% since the beginning of the year and 73% over the past year.
Emily Bary contributed to this report.
[ad_2]
Source link
