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Stockreport

Spotify's stock is surging — and its CEO is cashing out [Yahoo! Finance]

Amazon.com, Inc. (AMZN)  More Company Research Source: Yahoo! Finance
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
Ek isn't the only tech luminary to cash out amid ballooning value. Daniel Ek , Spotify's cofounder and CEO, has sold $176.3 million worth of his stock in the streaming service this year as its shares continue to surge. On Wednesday, Ek sold roughly 400,000 shares, worth $118.8 million, according to a Securities and Exchange Commission filing. In a separate transaction in February, he sold 250,000 shares, worth $57.5 million, per filings. The sales come as Spotify's stock has grown substantially in recent months — to the tune of roughly 60% year to date The company reported record profitability last quarter — though Ek acknowledged that Spotify underestimated the impact of laying off 1,500 people in December (as part of 2,500 in total cuts in 2023). Ek is one of many prominent business execs offloading shares amid explosive growth. As of February, Jeff Bezos, Jamie Dimon, and Mark Zuckerberg had sold stock in their respective companies, worth about $9 billion — as shares of [Read more]
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Stockreport

Spotify's stock is surging — and its CEO is cashing out [Yahoo! Finance]

Amazon.com, Inc.  (AMZN) 
More Company Research Source: Yahoo! Finance
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
Ek isn't the only tech luminary to cash out amid ballooning value. Daniel Ek , Spotify's cofounder and CEO, has sold $176.3 million worth of his stock in the streaming service this year as its shares continue to surge. On Wednesday, Ek sold roughly 400,000 shares, worth $118.8 million, according to a Securities and Exchange Commission filing. In a separate transaction in February, he sold 250,000 shares, worth $57.5 million, per filings. The sales come as Spotify's stock has grown substantially in recent months — to the tune of roughly 60% year to date The company reported record profitability last quarter — though Ek acknowledged that Spotify underestimated the impact of laying off 1,500 people in December (as part of 2,500 in total cuts in 2023). Ek is one of many prominent business execs offloading shares amid explosive growth. As of February, Jeff Bezos, Jamie Dimon, and Mark Zuckerberg had sold stock in their respective companies, worth about $9 billion — as shares of [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AMZN
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS