Jeff Bezos to sell $5bn of Amazon shares after stock hits record high

Proposed sale of 25m shares disclosed in notice on Tuesday after stock hit all-time high of $200.43 during session

Amazon founder and executive chair Jeff Bezos is planning to sell almost $5bn worth of shares in the e-commerce giant, a regulatory filing showed, after its stock hit a record high.

The proposed sale of 25m shares was disclosed in a notice filed after market hours on Tuesday. The stock had hit an all-time high of $200.43 during the session. It has jumped more than 30% so far this year, outpacing the 4% gain in the Dow Jones Industrial Average index.