Amazon Stock Sold by Top Investor Amid Earnings Momentum

Constant Guidance Financial LLC sold a significant portion of its Amazon.com stock during the first quarter. The firm reduced its stake in the e-commerce giant by 47.9% after selling 10,849 shares.

The remaining 11,821 shares are now worth around $2.46 million and represent approximately 1.7% of Constant Guidance Financial LLC's portfolio, making Amazon.com its 10th biggest holding.

This is not an isolated incident; other large investors have also been buying or selling Amazon stock recently. Red Crane Wealth Management LLC increased its position in the company by 2.3%, while Robinson Smith Wealth Advisors LLC boosted its holdings by 0.7% and Sfam LLC by 3.4%.