Tag Archives: Stock Sale

In a strategic move, Amazon founder Jeff Bezos has disclosed plans to sell up to 50 million shares of Amazon.com Inc. over the next 12 months, leveraging the recent surge in the company's stock. The announcement comes on the heels of Amazon reporting its strongest online sales growth since the early stages of the pandemic, propelling its shares to a nearly 8% rally, reaching $172.

Apple CEO Tim Cook has sold 511,000 shares, amounting to approximately $41 million after taxes, marking his largest stock sale in over two years. This comes as Cook took a rare pay cut of around 40% for 2023, with other Apple executives also revealing stock sales amidst a recent decline in the company's stock value.