Amazon Leads Dow Decliners on News Bezos to Sell More Than $4B Worth of Stock

Amazon Leads Dow Decliners on News Bezos to Sell More Than $4B Worth of Stock

Tue, August 4, 2026 at 6:40 PM GMT+3 1 min read

• AMZN -1.72%
• ^DJI +0.49%

Key Takeaways

• Amazon shares slid Tuesday after founder Jeff Bezos filed plans to sell over $4 billion worth of Amazon stock.

• Shares of Amazon are still up about 20% year-to-date, boosted by strong earnings and revenue growth.

Amazon's stock hit a record high Monday. It's pulling back today following the news that founder Jeff Bezos plans to part with some shares.

Amazon (AMZN) shares were down 2% recently, leading Dow Jones Industrial Average decliners on a day when the broader index gained, after a regulatory filing revealed that Bezos intends to sell 15 million shares worth more than $4.07 billion.

The Form 144 filing with the Securities and Exchange Commission also indicated that on May 4, Bezos donated 220,200 shares to non-profit organizations.

Amazon joined the $3 trillion market cap club for the first time yesterday, when its shares reached as high as $287.20 and closed at $284.02. Shares had soared since Amazon reported better-than-expected profit and revenue, with Amazon Web Services sales rising 37% year-over-year to $42.2 billion, nearly $2 billion above estimates.

Even with today's pullback, Amazon shares are up 20% since the start of the year.

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