Shelley Reynolds, Vice President at Amazon.com Inc. (NASDAQ:AMZN), has sold a total of $489,749 worth of company stock, according to a recent SEC filing. The transactions took place on May 21, 2024, and were executed at prices ranging from $181.29 to $182.19 per share.
The SEC filing revealed that Reynolds sold 2,400 shares at an average price of $181.29 and an additional 300 shares at an average price of $182.19. These sales were part of a prearranged trading plan under Rule 10b5-1, which allows company insiders to set up a trading plan for selling stocks they own in advance.
In addition to the sales, the filing also showed that Reynolds acquired shares through the exercise of options, but no monetary value was associated with these transactions as they were priced at $0.0 per share. Following these transactions, Reynolds' direct ownership in Amazon.com Inc. stock has changed, reflecting the new totals post-sale.
Amazon.com Inc. has not released any official statement regarding these transactions, and the filing is part of the routine disclosures that company insiders must make when buying or selling shares. Investors often monitor these filings for insights into the confidence levels that executives and directors have in their company's prospects.
For those interested in the detailed transactions, the SEC filing includes the exact number of shares transacted at each price, which can be provided upon request by the staff of the SEC, the issuer, or a security holder of the issuer.
InvestingPro Insights
As investors digest the recent insider trading activity at Amazon.com Inc. (NASDAQ:AMZN), it's crucial to consider the broader financial context of the company. According to real-time metrics provided by InvestingPro, Amazon maintains a robust market presence with a market capitalization of $1.88 trillion USD. The company's P/E ratio stands at 49.55, reflecting investor confidence in its future earnings potential. In terms of performance, Amazon has experienced a 12.54% revenue growth over the last twelve months as of Q1 2024, showcasing its continued expansion in a competitive market.
Turning to InvestingPro Tips, analysts have revised their earnings upwards for the upcoming period, indicating positive sentiment around Amazon's financial outlook. Moreover, Amazon is trading at a high earnings multiple, which may reflect the market's high expectations for the company's future growth. It's also worth noting that Amazon operates with a moderate level of debt, which could provide it with the financial flexibility to pursue further business opportunities or withstand economic downturns.
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