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(MENAFN – Youm7) A report published on the British Business Insider website revealed that Amazon CEO Jeff Bezos had sold 531,852 shares, or about 1% of his total stake, for $ 990 million. Thursday and Friday, according to documents filed with the JSC. Finance and scholarships.
Bezos donated another 268 shares valued at approximately $ 500,000 to a non-profit, non-profit organization. In all, Bezos sold approximately 2.5% of its shares in Amazon.
It was also unclear why Bezos sold the shares and the company spokesman Dan Burt declined to comment on the decision.
Investors often consider that the sale of their shares by the CEO or other officers of the company is a bad sign, reflecting expectations that their company's performance will deteriorate or fail to meet market expectations.
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