Jeff Bezos simply bought practically $2.5 billion in Amazon shares


Amazon.com Inc. Chief Government Jeff Bezos bought practically $2.5 billion price of shares in his firm this week.

In line with filings Wednesday with the Securities and Change Fee, Bezos bought practically 740,000 shares on Monday and Tuesday for about $2.48 billion. The inventory gross sales had been pre-arranged via a 10b5-1 buying and selling plan, in accordance with the filings.

Bezos is the world’s wealthiest particular person, in accordance with the Bloomberg Billionaires Index, with a internet price of about $191 billion. Final yr, Bezos sold more than $9 billion in Amazon inventory, and he has beforehand stated about $1 billion of that goes yearly to his rocket startup, Blue Origin.

Final week, Amazon reported it tripled profits in its first quarter, in comparison with a yr in the past, and forecast gross sales above $110 billion within the second quarter. That’s anticipated to be the final full quarter with Bezos as CEO; earlier this yr Bezos stated he would step down within the third quarter to turn into govt chairman of Amazon.

Amazon shares
AMZN,
-1.25%

have slipped greater than 5% over the previous week and are flat for the yr, although are up 39% over the previous yr, in comparison with the S&P 500’s
SPX,
+0.07%

46% achieve prior to now 52 weeks.



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