Amazon Stock Boosted by New Stakeholder
EMC Capital Management, an institutional investor, has acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) valued at approximately $20,997,000.
The purchase of 84,750 shares during the second quarter represents 8.2% of EMC Capital's portfolio, making it their fifth-largest position.
This move is part of a larger trend as several other hedge funds have also added to or reduced their stakes in Amazon.com.