Bezos continues to offload shares as the stock valuation decreases
- Jeff Bezos has sold about 36 million shares of Amazon stock this year
- He sold another $2 billion worth of shares, bringing his total sales to about $6 billion
- Bezos now owns 952.3 million Amazon shares
- He plans to sell as many as 50 million more shares
- The sale prices of his stock this year are in line with his last big sales in November 2021
- Amazon stock has been surging in recent months
Amazon’s founder and executive chair, Jeff Bezos, has sold approximately 36 million shares of the company’s stock this year, with his total sales reaching around $6 billion. In his latest transactions, Bezos sold about 12 million shares, bringing him an average price of $169.97 per share. He currently owns 952.3 million Amazon shares and plans to sell up to 50 million more. The sale prices of his stock this year are similar to his previous sales in November 2021. However, the stock valuation has decreased significantly since then. Amazon stock has been performing well in recent months, with Bezos adopting a planned-trading plan in November 2023.
Factuality Level: 7
Factuality Justification: The article provides information about Jeff Bezos selling Amazon shares and the amount he has sold so far this year. It includes details about the number of shares sold, the average price per share, and Bezos’ remaining shares. The information is based on regulatory filings and the company’s proxy. However, the article does not provide any analysis or context for Bezos’ sales or the stock valuation. It also does not include any comments or responses from Amazon or Bezos himself.
Noise Level: 3
Noise Justification: The article provides information about Jeff Bezos selling Amazon shares, but it lacks analysis or insights. It mainly focuses on the number of shares sold and the prices, without providing any context or implications of these transactions. The article also includes irrelevant information about Bezos’ ownership of Amazon shares and the stock valuation. Overall, it lacks depth and fails to provide meaningful analysis or actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: The article provides information about Jeff Bezos, the founder and executive chair of Amazon.com, selling $2 billion worth of the company’s stock. This could potentially impact the financial markets and the value of Amazon’s stock.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses the sale of Amazon stock by Jeff Bezos. However, there is no mention of any extreme events or their impact.
Public Companies: Amazon.com (AMZN)
Key People: Jeff Bezos (Founder and Executive Chair of Amazon.com)
Reported publicly:
www.marketwatch.com 
