Amazon Stock Buys Boosted by SFE Investment Counsel

SFE Investment Counsel purchased approximately $19.38 million worth of Amazon stock in the second quarter, buying 81,327 shares.

The e-commerce giant's stock now makes up about 2.6% of SFE Investment Counsel's investment portfolio, making it their 8th biggest holding.

Amazon has been a strong performer this year, with its stock price increasing by nearly $80 from its low in February to over $256 per share today.

The company's earnings report for the second quarter was released on July 30, showing a profit of $5.75 per share and revenue of $200.61 billion, both exceeding analyst expectations.