TradingKey – Bezos’ share sale triggers decline in Amazon’s stock price, which may face continued downward pressure, with a short-term bearish target near $260.

On August 3, Eastern Time, Amazon ( AMZN) surged 4.58% to break above $280, hitting another record high, with its total market capitalization successfully surpassing the $3 trillion milestone, buoyed by positive catalysts of strong AWS cloud revenue growth and AI investments entering their harvest phase.

However, founder Jeff Bezos subsequently filed with the U.S. SEC during after-hours to sell 15 million shares valued at approximately $4.07 billion under a Rule 10b5-1 prearranged trading plan. This stock sale news presented a liquidity and psychological digestion test for the…