Amazon Stock Falls After Rally As Bezos Plans $4 Billion Share Sale
A blistering two-day rally for Amazon stock is cooling on Tuesday. Shares are lower following news that Executive Chairman and Amazon (AMZN) founder Jeff Bezos has filed to sell more than $4 billion in stock under a prescheduled trading plan. Amazon climbed more than 5% Monday and 15% on Friday after posting strong second-quarter results. Amazon reached a record 287.20…
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