Amazon CFO Sells 6,172 Shares of Company Stock Under Pre-Arranged Plan

Amazon's Chief Financial Officer (CFO), Brian Olsavsky, recently sold 6,172 shares of Amazon.com stock. The sale occurred on August 21st and was executed under a pre-arranged Rule 10b5-1 trading plan. This transaction reduced Olsavsky's ownership stake in the company by 5.35%, leaving him with approximately 109,207 shares.

The sold shares were valued at an average price of $260.31 per share, totaling $1,606,633.32. The sale was disclosed to the Securities and Exchange Commission (SEC) via a document filed on August 21st.

Amazon's stock price has fluctuated in recent weeks, with shares trading down by $1.01 on Tuesday, reaching $261.06. Despite this dip, Amazon remains a prominent player in the market, with a market capitalization of $2.82 trillion and a price-to-earnings ratio of 21.00.