Amazon stock hit with monster insider trading activity

Online commerce titan Amazon (NASDAQ: AMZN) has proven to be more resilient than most of its big tech peers. In the week spanning the tail end of October and the beginning of November, numerous companies belonging to the ‘magnificent seven’ reported earnings. Even accounting for decent, double-digit growth, most have seen share prices decline due to concerns about the profitability of high AI spending.Jeff Bezos’s primary venture hasn’t experienced that, however — since the company’s Q3 2024 earnings call o ...