SEATTLE—Jonathan Rubinstein, a director at Amazon.com Inc. (NASDAQ:AMZN), recently sold 4,549 shares of the company’s common stock. The transaction, which took place on December 4, was executed at a price of $219.85 per share, resulting in a total sale value of approximately $1,000,097.
Following this sale, Rubinstein retains ownership of 92,554 shares of Amazon stock. The transaction was conducted under a Rule 10b5-1 trading plan, which Rubinstein had previously adopted on May 15, 2024. This plan allows insiders of publicly traded companies to set up a predetermined schedule for selling shares, providing an affirmative defense against accusations of insider trading.
The sale was filed with the Securities and Exchange Commission on December 6, underlining Rubinstein's continued compliance with regulatory requirements.
In other recent news, Walmart (NYSE:WMT), Amazon, and Chinese e-commerce companies Shein and PDD Holding's Temu reported record-breaking sales during Black Friday and Cyber Monday, with Walmart and Amazon experiencing significant growth. Analyst firm Piper Sandler's 2025 CIO Survey revealed a strong outlook for IT spending, particularly in security, IT services, and application software. Microsoft (NASDAQ:MSFT) and Snowflake (NYSE:SNOW) were identified as companies likely to benefit from this trend.
Amazon's shares also received a Buy rating from BofA Securities based on the anticipated revenue acceleration for Amazon Web Services (AWS) in 2025. AWS's recent advancements, including the introduction of the Amazon Nova line of foundation models and the Amazon Q Developer, were highlighted.
JPMorgan reaffirmed Amazon as its top stock pick, reflecting confidence in the company's robust holiday sales and promising future growth. Susquehanna also maintained a positive outlook on Amazon's stock, with the company's new Amazon Nova line of foundation models contributing to this perspective.
These are recent developments for Walmart, Amazon, and Microsoft.
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