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Bezos Unloads $350M in Amazon Stock at Record Peak

Guavy AI Editorial Team
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AMZN
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Jeff Bezos, Amazon's (AMZN) billionaire founder and former CEO, has sold nearly $350 million in Amazon stock. This transaction took place after shares of the e-commerce giant hit a record high on Monday.

The sale was disclosed in a Form 4 filing released after Wednesday's market close. The filing represents Bezos' first sale of Amazon stock this year.

Amazon's (AMZN) stock price has been soaring, reaching new highs in recent days. This surge in value has likely contributed to Bezos' decision to sell some of his shares.

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