SPY422.11-2.37 -0.56%
DIA340.76-2.65 -0.77%
IXIC14,039.68-33.17 -0.24%

Insider at Amazon.com (AMZN) Makes Significant Sale of Stock

05/10/2021 18:22

10:20 PM EDT, 05/10/2021 (MT Newswires) -- One insider -- Jeffrey P Bezos, 10% Owner, Director and Officer -- today, sold 387,247 shares of Amazon.com having a market value of approximately $1,271,306,150, as disclosed in a form 4 document filed with the SEC. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 370,425 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 757,672 shares and have averaged 189,418 shares per transaction over this time period.

The level of buy/sell trading at Amazon.com is is higher than the 8 peer company average over the last 90-day period. The Internet & Mail Order Department Stores peer group saw 23 buy/sell trades during this period for an average of 2.9 transactions per company. The number of shares per buy/sell trade for Amazon.com insiders was also higher. Within the peer group there were 48,000 shares purchased and 983,790 shares sold with company insiders having sold 40,687 shares on average.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to evaluate and write this story.

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.