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Ancora Advisors Pours $40M into Amazon Stock

Guavy AI Editorial Team
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AMZN
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Ancora Advisors LLC has acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN), purchasing 167,856 shares of the e-commerce giant's stock during the second quarter.

The institutional investor valued its acquisition at approximately $40,007,000, which accounts for 0.8% of Ancora Advisors LLC's holdings, making Amazon.com its 26th biggest holding.

This is not an isolated instance of investment in Amazon; a number of other hedge funds and institutional investors have also added to their stakes in the company during the second quarter.

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