Seems it’s not just slimy politicians utilizing private information on the coronavirus back in February to sell off stocks early. Left wing propagandist Jeff Bezos, owner of Amazon and of course the left wing rag Washington Post just so happened to sell off billions of dollars worth of Amazon stock in early February, right before the market crash. How convenient. I’m sure Bezos didn’t have any secret information on the coronavirus back in early February will all his money right? Lock this piece of trash up! No wonder the Washington Post has been trying to spin the insider trading of Democrats like Diane Feinstein and Susan Davis as if it was nothing.
| Jeff Bezos insider trading? Sold off billions in Amazon stock just before crash |
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Top executives at U.S.-traded companies sold a total of roughly $9.2 billion in shares of their own companies between the start of February and the end of last week, a Wall Street Journal analysis shows.
The selling saved the executives—including many in the financial industry—potential losses totaling $1.9 billion, according to the analysis, as the S&P 500 stock index plunged about 30% from its peak on Feb. 19 through the close of trading March 20.
The Journal examined more than 4,000 regulatory filings related to stock sales between Feb. 1 and March 19 by corporate officers of companies traded in the U.S. Avoided losses for the seller are based on the change in the value of each stock between when it was sold and March 20.
By far the largest executive seller was Amazon. AMZN +0.48% com Inc. Chief Executive Jeffrey Bezos, who sold a total of $3.4 billion in Amazon AMZN 0.79% shares in the first week of February, shortly before the stock market peaked, allowing him to avoid paper losses of roughly $317 million if he had held the stock through March 20, according to the Journal analysis.