{"id":10755,"date":"2023-11-25T19:17:50","date_gmt":"2023-11-25T19:17:50","guid":{"rendered":"https:\/\/connectwithfund.com\/markets\/amazon-stock-is-falling-this-could-be-a-reason-why\/"},"modified":"2023-11-25T19:17:51","modified_gmt":"2023-11-25T19:17:51","slug":"amazon-stock-is-falling-this-could-be-a-reason-why","status":"publish","type":"post","link":"https:\/\/connectwithfund.com\/?p=10755","title":{"rendered":"Amazon Stock Is Falling. This Could Be a Reason Why."},"content":{"rendered":"
\n
<\/p>\n

<\/p>\n

<\/p>\n<\/figure><\/div>\n

\n Amazon.com
\n Executive Chairman Jeff Bezos unloaded company stock last week, and according to a report the founder of the e-commerce giant could be preparing to sell more.<\/p>\n

Bezos sold around $240 million worth of
\n Amazon
\n (ticker: AMZN) shares last week, according to a filing with the Securities and Exchange Commission. The transactions were listed as contributions to nonprofit organizations, which weren\u2019t disclosed.<\/p>\n

\n

Shares of
\n Amazon
\n fell 1.8% on Nov. 15, and 0.3% on Nov. 16, the dates when both of the stock sales were executed. <\/p>\n

Following the transaction made of Nov. 16, Bezos still held 988.3 million shares of Amazon, which amounted to around 10% of the company.<\/p>\n

Amazon stock was falling again Tuesday. There was no clear reason for the decline, but the drop did follow a report from CNBC that said Bezos would be selling even more Amazon shares. According to the report, which cited sources, Bezos may sell around 8 million to 10 million shares, which would be more than $1 billion worth of stock. <\/p>\n

Amazon didn\u2019t immediately respond to a request for comment from Barron\u2019s<\/em>.<\/p>\n

Shares of the e-commerce and tech company declined 2.2% to $142.88 on Tuesday, a day when the tech sector was trading lower. Amazon stock has gained 70% this year.<\/p>\n

Write to Angela Palumbo at angela.palumbo@dowjones.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Amazon.com Executive Chairman Jeff Bezos unloaded company stock last week, and according to a report the founder of the e-commerce giant could be preparing to sell more. Bezos sold around $240 million worth of Amazon (ticker: AMZN) shares last week, according to a filing with the Securities and Exchange Commission. The transactions were listed as contributions to nonprofit organizations, which weren\u2019t disclosed. Shares of Amazon fell 1.8% on Nov. 15, and 0.3% on Nov. 16, the dates when both of the stock sales were executed. Following the transaction made of Nov. 16, Bezos still held 988.3 million shares of Amazon,<\/p>\n","protected":false},"author":1,"featured_media":10756,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[],"class_list":["post-10755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets"],"yoast_head":"\nAmazon Stock Is Falling. 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