Amazon CEO sells R51.7bn of shares
Jeff Bezos is on a selling spree.
Stock disposals by Amazon. com’s founder and chief executive officer over the past week have reached 1.7 million shares, or $3.45 billion (about R51.7 billion), according to the latest round of regulatory filings.
The stock has ticked higher regardless, gaining 9.6% since 30 January. The transactions are part of a pre-arranged trading plan. – Bloomberg