Should Amazon Investors Be Worried After Jeff Bezos Sold Over $4 Billion in Shares?
The tech giant's founder made a major stock sale last week, but that shouldn't discourage investors from buying.
Overview
Jeff Bezos just went on a bit of a selling spree: He unloaded more than $4 billion worth of Amazon (NASDAQ: AMZN) shares last week. That sale took some investors by surprise and hurt the stock after the company delivered a solid second-quarter earnings report, but Bezos had planned it more than eight months in advance.
In that light, the transaction doesn't appear to indicate how Bezos views Amazon's latest results or its outlook. While the timing might have been frustrating for investors who hoped Amazon would rise above $300 per share, the resulting conditions represent a compelling buying opportunity.
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Originally published at www.fool.com.