Amazon.com, Inc. (NASDAQ: AMZN) recently down $3.94 to $69.66:
According to SEC Form 4 AMZN's Chairman of the Board, Jeffrey Bezos, sold 1,850,000 shares at $73.21 on Feb 15. AMZN announced on Feb. 8 the repurchase of up to $1 billion of the company's common stock within the next 24-months. AMZN has a market cap of $29 billion. AMZN March option implied volatility of 44 is below its 26-week average of 50 according to Track Data, suggesting decreasing price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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Reader Comments (Page 1 of 1)
2-21-2008 @ 4:38PM
Sheldon L said...
The stock is over priced. AMZN will buy back shares with shareholder money, proping up the stock, while insiders are selling off some of their stock. This is not a good sign.