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Jeff Bezos Sold Over 500,000 Amazon Shares Last Week And Almost Made $1B

Video Credit: Veuhub - Duration: 00:33s - Published
Jeff Bezos Sold Over 500,000 Amazon Shares Last Week And Almost Made $1B

Jeff Bezos Sold Over 500,000 Amazon Shares Last Week And Almost Made $1B

Amazon CEO Jeff Bezos sold 531,852 shares, or about 1% of his total stake, for $990 million, says Business Insider.

Bezos also donated another 268 shares — worth nearly $500,000 — to an unnamed nonprofit organization.

Earlier that same week, Bezos sold 965,612 shares, garnering more than $1.8 billion.

It's unclear why Bezos is selling stock and Amazon has declined to comment.

Investors usually consider sales by a CEO or other top executives at company to be a bad sign.

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