Jeff Bezos sells Amazon stock worth $2.8 bln last week

Amazon.com Inc Chief Executive Officer Jeff Bezos offloaded $990 million worth of shares in the company last Thursday and Friday, taking the total value of shares sold last week to $2.8 billion. In the last three days of July, Bezos has sold stock worth about $1.8 billion, regulatory filings https://www.sec.gov/Archives/edgar/data/1018724/000101872419000083/xslF345X03/wf-form4_156504082729937.xml with the Securities and Exchange Commission showed.

Amazon declined to comment on Bezos' stock sale. The move comes as part of a previously announced 10b5-1 trading plan. Bezos had previously said he plans to sell stock worth about $1 billion each year to fund his rocket company, Blue Origin. Bezos' former wife, Mackenzie Bezos, who currently owns Amazon stake worth more than $37 billion, is now the online retailer's second-largest individual shareholder.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)