Amazon Stake Sold Off as Bluefin Cuts Ties with E-commerce Giant
Bluefin Capital Management LLC significantly reduced its stake in Amazon.com Inc. (NASDAQ: AMZN) by selling 33,390 shares in the second quarter.
The firm's holdings in Amazon are now worth $384,000, down from a more significant position earlier in the period.
This change was part of a broader trend among institutional investors, with several firms increasing their stakes in the e-commerce giant.