Amazon.com (NASDAQ: AMZN) stock bounced back from its Tuesday sell-off this morning, rising 2.2% through noon ET. As the day flips from morning to afternoon, it looks like the e-commerce giant is going to hold on to its gains, and maybe even gain some more. As of 1:30 p.m. ET, the stock is up 2.3%.

Amazon, as you've probably heard by now, got hit yesterday by news that company founder and former CEO Jeff Bezos had just donated 1.6 million Amazon shares to charity, as well as rumors that he was preparing to sell another 8 million to 10 million shares for cash.

As I explained this morning, the rumors are probably true. Jeff Bezos's space company Blue Origin, you see, is reportedly deep in a bidding process to acquire and Lockheed Martin's space company, United Launch Alliance.

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Source Fool.com