Updates on latest insider trading purchases

LATEST INSIDER PURCHASES

Jeff Bezos Sells $863.5M Worth of Amazon shares

• The founder of (AMZN), Jeff Bezos sold nearly $1B of stock out of $5B liquidation plan that is expected to bring his ownership in Amazon to less than 9%.

• The proposed sales of 25 million shares was disclosed in a notice filed after market hours on Tuesday. Amazon stock hit an all-time high of $200.43 on Tuesday and has jumped more than 30% so far in 2024.

• Bezos is currently ranked as the second richest person in the world with an estimated net-worth of $214.4B.

 CEO of Restoration Hardware Insider Purchases

• Chairman & CEO of Restoration Hardware (RH), Gary Friedman has made purchases disclosed on June 27th totaling nearly $10 million ($9,999,978) with a purchase price between $213.67-$219.85.

• RH is projected to achieve a 4.4% sales growth by 2024 due to continued confidence among high-earning consumers.

• However, RH's stock suffers from a less optimistic 2024 forecast, with a predicted decrease in earnings per share (EPS) to $12.60 from $14.60 due to a reduced base year and increased interest costs

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