Jeff Bezos Continues Amazon Share Sales Amid Golden Cross Signal

Jeff Bezos divested nearly 3 million Amazon shares worth $665.8 million in early July, following a $736.7 million sale in late June. The disposals align with a pre-approved plan allowing him to sell up to 25 million shares by May 2026. Despite these transactions, Bezos retains a commanding position with over 900 million shares, maintaining a stake valued at approximately $200 billion.

The timing of the latest sale coincides with Bezos' $50 million wedding extravaganza in Venice, Italy, attended by high-profile figures including Oprah Winfrey and Bill Gates. While the liquidity event raises eyebrows, Amazon's technical indicators tell a different story. The stock recently formed a golden cross pattern, with its 50-day moving average ($206.46) crossing above the 200-day benchmark - a bullish signal closely watched by technical analysts.