Bezos sells $666 million in Amazon stock

Amazon founder Jeff Bezos sold nearly three million shares worth $665.8 million over two days in July, a regulatory filing Tuesday showed.

The stock sale is part of a plan announced earlier this year that will see Bezos unload up to 25 million shares of Amazon through May 2026.

Bezos, who stepped down as Amazon CEO in 2021, sold $736.7 million in stock during the final days of June. He still has more than 900 million shares of Amazon, valued at close to $200 billion.

This comes around the same time that the CEO of NVIDIA sold-off upwards of $200 Million of his own company's shares over the past couple months. (Story HERE)

Hal Turner Personal Remarks

I asked professional people who watch matters financial, why the big shareholders are selling so much of their own stocks these days, and they replied bluntly: "The bigshots know what's coming (war / economy / banks / stock markets) and they're getting out, now, while there's still something to get out with.