Amazon (AMZN) – Insider Selling – February 17, 2024

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Amazon (AMZN) – Insider Selling – February 17, 2024

In 2023, it was popular to point out the planned insider sales that Meta’s Mark Zuckerberg had been making. In 2024, it’s now popular to post about the Bezos sales. Insiders have many, many reasons to sell. Amazon has made Bezos among the richest men in the world. What do wildly rich and ambitious people like to do? Invest in rockets and donate billions upon billions to charity. I truly don’t care that he’s selling a small fraction of his stake to diversify and focus on other things. He has earned it… and then some… and then some more. Go play with rockets; go save the world; go enjoy your life; feel free to use a small portion of the company you painstakingly built to do so. This is a nothingburger to me just like Zuck’s sales were. I’m focused on Amazon’s results and investment case, which both remain stellar in my view.

Disclaimer: Third party content is provided for informational purposes only and should not be construed as an offer to sell or a solicitation of an offer to buy or sell any security. Third party content is not intended to serve as a recommendation to buy or sell any security and is not intended to serve as investment advice. Third party content creators are not affiliated with BBAE Holdings LLC, (“BBAE”) Redbridge Securities LLC (“Redbridge Securities”) or BBAE Advisors LLC (“BBAE Advisors”). All investments involve risk, including the possibility of total loss of principal. For additional important information, please click here.

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