Cypress Cuts Amazon Stake Amid Volatility Concerns
Cypress Funds' Steven Baum has significantly trimmed its stake in Amazon.com, Inc. (AMZN) by selling 75,709 shares.
The reduction represents a sharp decline of 55% from Cypress Funds' previous position in the e-commerce giant.
According to Spark's analysis, AMZN is a 'Outperform' stock due to its improving profitability and returns alongside strong trend strength versus major moving averages. However, this score is tempered by negative TTM free cash flow and management's large CapEx plan that can keep cash generation and margins volatile in the near term.