During the first two working days of August too, Bezos sold 1 million sharesAmazon.com Inc Chief Executive Officer Jeff Bezos sold shares worth $3.1 billion in the e-commerce company in recent days, regulatory filings showed on Wednesday.
The stock sale comes at a time when the company's shares have surged more than 73 per cent this year.During the first two working days of August, Bezos sold 1 million shares as part of a previously announced trading plan, according to the filings.
Bezos, the world's richest man, had said he planned to sell stock worth about $1 billion each year to fund his rocket company, Blue Origin.The latest share sale leaves him with 54.5 million shares worth roughly $174.64 billion at the current market price.(This story has not been edited by TheIndianSubcontinent staff and is auto-generated from a syndicated feed.)
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