$AMZN Soars 17%: Insider Selling, Hedge Fund Moves, and Congressional Trading

$AMZN stock rose 17% this week according to Quiver Quantitative's price data from Polygon. The company has been the 28th most-searched ticker on Quiver over the last week out of 50 total tickers searched.

Insider trading activity shows that Amazon insiders have traded $AMZN stock 70 times in the past six months, with all trades being sales. Key executives such as Andrew R Jassy, Douglas J Herrington, and Matthew S Garman have sold a combined total of over $63 million worth of shares.

Hedge fund activity shows that 2,960 institutional investors added shares of $AMZN to their portfolio in the last quarter, while 2,405 decreased their positions. This includes notable moves from J. Stern & Co. LLP, which removed 87% of their $18 billion worth of shares.

Members of Congress have also traded $AMZN stock, with nine purchases and eight sales over the past six months. Senator Alan Armstrong purchased up to $50,000 in shares on March 27th.