Skip to content

Monster insider trading alert for Amazon (AMZN) stock

Monster insider trading alert for Amazon (AMZN) stock
Elmaz Sabovic

Stock market speculators are talking about the impenetrable $200 wall for Amazon (NASDAQ: AMZN) stock as AMZN shares struggled to trade higher than this mark, as recent insider sales are increasing the downward pressure on their price.

The most recent trading session brought gains of 0.03%, while pricing the stock at $199.34, which extend the winning streak from previous five sessions, during which AMZN shares added 1.22% to their value.

AMZN stock 24-hour price chart. Source: Finbold
AMZN stock 24-hour price chart. Source: Finbold

Founder of Amazon, Jeff Bezos, on July 8, filed with the Securities and Exchange Commission (SEC) for a sale of 4 million AMZN shares worth $863 million, at an average price of $200 per share, in what is now a series of insider sales in recent months.

Jeff Bezos' sale of AMZN stock. Source: SEC
Jeff Bezos’ sale of AMZN stock. Source: SEC

This sale takes the value of AMZN insider sales by Bezos near the $14 billion mark, which makes 2024 his most active selling year to date.

Other insiders are offloading AMZN stock as well

Although Bezos dominates the narrative when it comes to selling AMZN stock, he is not the only insider that chose to offload his Amazon stock holdings.

Following Jeff Bezos, Douglas Herrington, the CEO of Worldwide Amazon Stores, ranks second in profits from selling AMZN stock in 2024, earning $417 million. 

He is closely followed by Amazon’s CEO, Andrew Jassy, who has made $307 million from selling his shares.

AMZN stock insider sales larger than $1 million in 2024. Source: Barchart
AMZN stock insider sales larger than $1 million in 2024. Source: Barchart

Record-breaking year for Jeff Bezos and his sales of AMZN stock

Jeff Bezos resumed selling Amazon stock in 2024 after nearly three years, unloading a record $14 billion worth of shares. 

At the end of May, he sold around 1.1 million shares, with the proceeds intended to support his nonprofit preschools. 

On May 29, he sold 431,426 shares, followed by another 667,260 shares on May 30, amounting to roughly $117 million. 

Additionally, in February, Bezos sold about 50 million Amazon shares, valued at approximately $8.5 billion.

Bezos is seemingly enjoying his hard-earned profits after his resignation from the role of Amazon CEO, as he continues to offload billions worth of AMZN stock.

Buy stocks now with eToro – trusted and advanced investment platform

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.