Why is Bezos selling billions in stock? Does he think the market is going to crash?

  • Amazon CEO Jeff Bezos has sold nearly $4.1 billion shares in his company over the past 11 days, according to filings with the Securities and Exchange Commission.
  • The transactions were made as part of a prearranged trading plan.

Jeff Bezos has been cashing out Amazon stock: nearly $4.1 billion worth of shares in the past 11 days.

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The Amazon CEO sold $579.8 million worth of shares on Friday, according to filings with the Securities and Exchange Commission. That’s after he sold$1.65 billion worth of shares last Tuesday and Wednesday, as well as unloaded $1.8 billion worth of shares between Jan. 31 and Feb. 3, according to SEC filings.

The transactions were made as part of a prearranged 10b5-1 trading plan, according to the filings. Representatives from Amazon weren’t immediately available to comment on the latest sale.

www.cnbc.com/2020/02/11/jeff-bezos-sold-4point1-billion-worth-of-amazon-shares-in-past-week.html

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