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Benzinga

Business

Namrata Sen

Jeff Bezos Offloads $1.5 Billion In Amazon Stock Ahead Of Q2 Earnings Report, Plans To Sell More

Jeff Bezos Amazon Amazon.com Inc. e-commerce

New,York,,Ny,-,May,15,,2019:,Jeff,Bezos,Arrives

Jeff Bezos, founder and executive chairman of Amazon.com Inc. (NASDAQ:AMZN), has offloaded $1.5 billion worth of company stock just days ahead of the e-commerce giant's upcoming Q2 earnings report.

What Happened: Jeff Bezos sold 6.6 million shares of Amazon stock worth $1.5 billion on July 21 and 22, according to a Form-4 filing with the U.S. Securities and Exchange Commission (SEC) released Wednesday. The transactions took place just ahead of Amazon's second-quarter earnings report scheduled for July 31.

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One subscription that gives you access to news from hundreds of sites

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Sticker tycoon. Trump cheerleader. Rapper. Congressman?

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