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Atika Capital Management Cuts Amazon Stake by 45.4% in Q1

Guavy AI Editorial Team
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AMZN
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Atika Capital Management LLC, an institutional investor, has made significant changes to its position in Amazon.com, Inc. (NASDAQ:AMZN) over the past quarter.

The firm decreased its stake in AMZN by 45.4% during the first quarter, selling 36,300 shares and reducing its total holdings in the e-commerce giant to 43,700 shares.

This move is part of a larger trend among institutional investors, with several other firms making adjustments to their positions in Amazon.com.

Among these changes, Red Crane Wealth Management LLC increased its stake in AMZN by 2.3% during the first quarter, while Robinson Smith Wealth Advisors LLC grew its position in shares of AMZN by 0.7% over the same period.

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