Amgen Share Sell-Off: Russell Investments Group Cuts Holdings
Russell Investments Group Ltd., an institutional investor, has reduced its holdings in Amgen Inc. (NASDAQ: AMGN) by selling 37,910 shares during the second quarter.
The group now owns approximately 316,051 shares of Amgen's stock, representing a 10.7% decrease in its total holdings.
This move is part of a larger trend of shifting investor sentiment towards Amgen and other healthcare companies.