Herrington, Amazon CEO, sells $210k in AMZN stock

Douglas J. Herrington, CEO Worldwide Amazon Stores, sold 1,000 shares of AMAZON COM INC (NASDAQ:AMZN) common stock on April 1, 2026, at a price of $210.50, for a total transaction value of $210,500. Following the transaction, Herrington directly owns 520,361 shares of Amazon.com.The sale comes as Amazon trades near $209.77, which InvestingPro analysis suggests is below the platform’s Fair Value of $244.25, placing the stock on the most undervalued list. The company maintains a market capitalization of $2.25 trillion with earnings scheduled for April 23, 2026.

In other recent news, Amazon is reportedly in talks to acquire Globalstar, as reported by the Financial Times. This potential acquisition could enhance Amazon’s efforts to build its low Earth orbit satellite business, positioning it to compete with SpaceX’s Starlink service. In a separate development, Amazon announced the launch of new business credit cards in partnership with U.S. Bank and Mastercard. The cards will offer rewards for Amazon and non-Amazon purchases, with flexible credit terms and no annual fees.

Additionally, Delta Air Lines has signed an agreement with Amazon to use its Leo satellite service for in-flight Wi-Fi, marking a significant gain for Amazon’s space business. This service will be installed on 500 Delta aircraft starting in 2028, initially focusing on domestic Boeing and Airbus planes. Meanwhile, the European Commission experienced a cyberattack that affected its Amazon Web Services account, leading to an investigation to assess the breach’s impact. These developments highlight Amazon’s active role in expanding its technological and financial services.

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