Bezos sells 1,000,000 shares of Amazon stock

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Bezos sells 1,000,000 shares of Amazon stock

Bobby Raines 11/06/2013

Jeff Bezos, the founder, chairman and CEO of Amazon.com ( AMZN ) sold 1,000,000 shares of the company's common stock on Nov. 5. At prices between $355.13 and $360.00 per share, Bezos pulled in a total of $358,144,160 from the sale.

IK-> The technicals for AMZN ($356.49 down $2.40) are bullish with a neutral trend. Recent support has been around $355.23 and recent resistance has been around $365.84. Standard & Poor's has a three STARs (out of five) rating on the stock. Look at the Dec. 405/410 bear-call spread for a 25-cent credit. That's a 5.26% return and the stock has to rise 15.0% to cause a problem.  [InvestorsKeyhole, Various news and data services]



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Originally published on InvestorsObserver.com


This article appears in: Investing , Options

Referenced Stocks: AMZN

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