07.05.2025 08:00:00
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Did Amazon Founder Jeff Bezos Just Fire Off a Warning Shot to Wall Street?
Amazon (NASDAQ: AMZN) founder and former CEO Jeff Bezos recently adopted a plan that would allow him to sell as much as 25 million shares of Amazon, in what would amount to nearly $4.75 billion, based on Amazon's stock price at the close of trading on May 2.To be clear, selling stock does not necessarily mean that someone is bearish, because insiders often sell stock if they need the money for a purchase. However, Bezos could very well be selling because he thinks Amazon's stock -- or the entire market -- is simply overvalued or facing an uphill battle. As the founder of one of the largest tech conglomerates in the world, Bezos likely has better insights into market forces than most.The move also comes after Berkshire Hathaway CEO Warren Buffett stockpiled cash and JPMorgan Chase's CEO Jamie Dimon sold hundreds of millions of dollars worth of JPMorgan's stock in February, leading some to believe that both CEOs were trying to speak to the market. Did Bezos just fire off a similar warning shot to Wall Street?Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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