Jeff Bezos sells $1.8B worth of Amazon stock
Bezos sold 905,456 shares for more than $1.8 billion
Amazon CEO Jeff Bezos has sold some of his shares in the company.
Bezos sold 905,456 shares for more than $1.8 billion, according to financial filings.
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Shares of Amazon soared following the company's 4Q results, sending the company's value above $1 trillion.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| AMZN | AMAZON.COM INC. | 173.67 | -2.92 | -1.65% |
Those results were boosted by web services and brushed off concerns about the cost of one-day Prime delivery.
AMAZON SHARES SURGE MAKING CEO BEZOS EVEN RICHER AS COMPANY HITS $1 TRILLION IN VALUE
It is not known what the proceeds of the sale will go to, but Seeking Alpha says in the past Bezos has said he would sell at least $1B of Amazon stock a year to fund his rocket startup, Blue Origin.
It is not the only sale of Amazon shares worth noting.
Amazon CEO Jeff Bezos (L) and MacKenzie Bezos (Photo by Taylor Hill/FilmMagic)
Bezos' ex-wife, MacKenzie Bezos, sold off some of the stock that she received as part of the couple's divorce agreement.
MACKENZIE BEZOS SELLS SOME OF HER AMAZON HOLDINGS
MacKenzie Bezos sold about $400 million worth of the shares.
Word of the sale came indirectly, in an end of year filing that Jeff Bezos made with the Securities and Exchange Commission.
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MacKenzie's Amazon holdings still amount to nearly $36 billion.
