On October 16, 2025, Amazon.com Inc. (AMZN) is trading at $216.15 (+0.27%) in pre-market, following a close at $215.57 (-0.38%) on October 15, 2025. The most significant company-specific news is that founder Jeff Bezos has reduced his stake in Amazon to below 10% for the first time, after selling over 100 million shares in the past year, marking a continued step back from the company he founded. This development is notable given Bezos' historical influence on Amazon and may contribute to investor sentiment, although no direct price movement reason is cited in the news. Broader market sentiment is cautiously optimistic ahead of earnings, but Amazon's price movement is best contextualized by the major shareholder change.[2]