Amazon CEO Jeff Bezos has sold stock worth more than $1.8 billion in a series of transactions starting on Friday, according to regulatory filings made public Tuesday afternoon.
Bezos sold more than 905,000 shares of Amazon stock at prices ranging from $2,003 per share to more than $2,050 per share, the filings show.
Amazon stock soared after the company's blockbuster quarterly earnings report on Thursday afternoon. Stock sales by top company executives are typically made based on a schedule set out in advance.
Bezos said in 2017 that he was selling about $1 billion a year to fund Blue Origin, his commercial space venture, but he has been increasing the size and frequency of the stock sales. He sold $2.8 billion worth of Amazon stock last August.
Amazon declined to comment on the latest stock sale. We've also contacted Blue Origin for comment.
Developing story, more to come.
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