Ama­zon CEO sells R51.7bn of shares

The Citizen (KZN) - - Business -

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

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