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Amazon Shares Surge as Community Bank Boosts Investment

Guavy AI Editorial Team
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AMZN
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Community Bank of Raymore significantly increased its investment in Amazon.com, Inc. (NASDAQ:AMZN) shares by 2,290.7% during the second quarter.

The bank's holdings in Amazon now make up about 6.3% of its investment portfolio, making it the company's third-largest position.

Community Bank of Raymore owned 47,552 shares of Amazon's stock after purchasing an additional 45,563 shares during the quarter, with a total value of $11,334,000 at the end of the reporting period.

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