Jeff Bezos prepares to sell $5 billion worth of stock as Amazon shares soar

Amazon: Jeff Bezos plans to sell 25 million shares of Amazon as shares hit record highs Whose shares are worth about 5 billion dollars. After that, Pesos will own 900 million or 8.8% of the shares. This information was given in a report filed by the American Stock Exchange. On Tuesday, Amazon shares hit nearly $200, breaking previous highs. We tell you that shares of the American e-commerce giant Amazon are up 32% year-to-date. Also Read: Mazagon Dock's Stock Tears Up the Market, Gains 115% What's Behind Amazon's Growth? (AWS) continues to grow stronger. Amazon AWS has emerged as one of the major players in the cloud computing market. Flexibility in e-commerce operations Amazon is one of the largest online retailers in the world and has the largest customer base and strong brand recognition. The company constantly innovates and introduces new products and services, which helps it maintain its competitive edge. How much has Amazon's stock price risen in the last few years? But overall Amazon has done well. If we talk about last one year, Amazon stock has increased by around 51.44%. Amazon's share price was around $132 in July 2023, rising to $200 in July 2024. During this period, Amazon Sher traded between a low of $118.35 and a high of $200.43. Let us tell you that Vishneshwar believes that its stock will appreciate further in the coming years. Also read: HDFC Bank to charge credit card transactions from August 1 View full list The post Jeff Bezos prepares to sell $5 billion worth of stake as Amazon shares soar Prabhat Kabar