Jeff Bezos to sell Amazon shares worth about $5 bln after stock hits record high

I am not sure what to make of it. I also watched Bloomberg and most are still bullish but they said they have concern for selling this much shares by Jeff Bezos. God knows how much market can absorb $5 billion worth of shares.

July 3 (Reuters) – Amazon (AMZN.O), opens new tab founder and executive chair Jeff Bezos is planning to sell almost $5 billion worth of shares in the e-commerce giant, a regulatory filing showed, after its stock hit a record high