Has anybody else out there noticed that Jeff Bezos, CEO of Amazon.com (NASDAQ: AMZN), recently sold $135 million of his stock? Not to anguish, these are his regular 10b5 plan sales that are pre-scheduled with the SEC. Just smart diversification I suppose.

Normally, I would think that is not that big a deal since he owns billions of dollars of the stock as the individual largest shareholder. whether I were him, I would be selling too, in specific considering I have felt that AMZN is overpriced for fairly a while. (See Serious Money: AAPL, AMZN, GOOG, ISRG — at what Price?)

The stock jumped early that month when Amazon announced the retirement of debt and a stock buyback plan by the next two years. that was a temporary affect; the stock

has been trading in the low $70’s recently, give or take a few bucks.

But what strikes me as curious is that that buyback plan is announced while insider selling has rarely been higher! The buyback and Bezos selling inspired me to look at the latest insider trading. When I checked it out I discovered company directors, officers, and “affiliated persons” have all been sellers and only sellers. To be fair some of the sales are listed as ‘planned’; however, the plan does not have to be filed very far in advance, so I am not impressed by that.

Continue reading Amazon insiders selling and stock buybacks too?

Original post by Sheldon Liber

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