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Amazon Executives Unload Over $15 Million in Stock Amid Elevated Insider Selling

Guavy AI Editorial Team
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AMZN
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Amazon has faced fresh scrutiny after six senior executives sold more than $15 million worth of company stock in a single day.

The largest sale came from CEO Andy Jassy, who disposed of 20,000 shares for about $5.18 million on Wednesday.

AWS chief Matthew Garman sold approximately $3.76 million, while Chief Financial Officer Brian Olsavsky and Amazon Stores chief Douglas Herrington each sold roughly $1.6 million in shares.

This insider selling comes during a month of elevated sales, with Jeff Bezos disclosing plans to sell as much as $4 billion of Amazon stock earlier in August.

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