Jeff Bezos Announces Plan to Sell £4bn Worth of Amazon Shares

Wednesday, 3 July 2024, 21:01
Amazon's founder, Jeff Bezos, is set to sell £4 billion worth of Amazon shares amidst the stock reaching an all-time high. The disclosure was made in a filing, with the billionaire revealing intentions to offload 25 million shares. This move signifies a significant divestment by Bezos at an opportune time for investors.
Daily Mail
Jeff Bezos Announces Plan to Sell £4bn Worth of Amazon Shares

Jeff Bezos to Divest Shares at High Valuation

Amazon's founder, Jeff Bezos, has announced plans to sell £4 billion worth of shares, a strategic move amidst the stock reaching record levels.

25 Million Shares to be Offloaded

In a recent filing, Bezos revealed intentions to offload 25 million shares of Amazon, a significant divestment at a crucial juncture.

Conclusion: Bezos's decision to sell shares worth £4 billion comes at a time when Amazon's stock is soaring, indicating a strategic move that will impact the market sentiment.

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