Latest news released today: At a media event Thursday, Aug. 4, in Seattle, Amazon took the wraps off its first “Prime Air” branded plane, a Boeing
767 owned by Atlas Air that has been converted into a freighter. Amazon announced deals with two aircraft leasing companies — Atlas, and another called Air Transport Services Group
, or ATSG
— earlier this year to fly as many as 40 dedicated cargo planes over the next two years. Eleven are already in operation; this is the first one that’s been painted.
However, Amazon Com Inc
Senior Vice President and an insider Jeffrey Blackburn a few days ago sold 10,000 company shares worth $7,609,764 at the average stock price which was $761.0.
With Amazon Trailing 12M 2016 Net Profit Margin of 1.601, is Amazon really worth so much?!