Amazon Stock Drops as S&P 500 Hits Fresh Highs: What's Happening?
Amazon.com Inc (NASDAQ:AMZN) shares are pulling back Tuesday. Amazon founder Jeff Bezos revealed plans to unload a substantial block of shares, casting a shadow over a stock that had been building meaningful upward momentum heading into the session.
Amazon's stock price went down while most other big companies went up, because the founder announced he's selling a lot of his shares. When a company leader sells shares, it can make people wonder if they think the stock price might drop soon.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.