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Jeff Bezos Amazon stock

Jeff Bezos  Amazon stock


From the end of February, stock exchanges around the world began to fall due to fear of the effects of the corona crisis. COVID-19 become pandemic and death tool rise heavily in Italy, Spain and even USA also. Hundreds of billions of dollars were burned within a few hours – even tech stocks like those of Amazon or Apple lost massive amounts of their value . At the beginning of February, shortly before the stock markets – before the later slump – reached a new high, Bezos had silvered some of its Amazon shares. The Amazon founder sold a total of $ 3.4 billion in stock, the Guardian reports . He saved himself from greater losses by selling a big chunk of his Amazon shares in February. He could predict well in time to effect of coronavirus which is still a crisis.

Before Corona crisis

This makes Bezos one of several US group leaders who cashed in their company shares shortly before the Corona crisis. In total, managers of US corporations are said to have sold shares in their companies worth around $ 9.2 billion in the five weeks before the corona-related slump in equity markets began. A few weeks later, these shares are worth around a third less. Saved the millionaires from losses of $ 1.9 billion, according to the Guardian. Selling some of your shares at a new high on global stock exchanges is likely to be a little unusual deal. The e-commerce giant has already proven to be one of the big winners of the corona crisis . While retailers have to keep their stores closed, online trade is booming – and especially with the market leader. Amazon recently announced plans to hire 100,000 additional employees in the U.S. alone. The group also had to restrict the procurement of new goods in its warehouses . The stock has recently climbed again – and currently holds at around $ 1,900. For comparison: On February 19, the Amazon share reached an all-time high of $ 2,170.
Hundreds of billions of dollars were burned within a few hours – even tech stocks like those of Amazon or Apple lost massive amounts of their value . 
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