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Permanens Capital Acquires Amazon Stock

Guavy AI Editorial Team
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AMZN
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Amazon.com, Inc.'s stock has been acquired by Permanens Capital L.P., an institutional investor. In the second quarter, Permanens bought 21,215 shares of Amazon's stock, valued at approximately $5,056,000.

This acquisition makes Amazon the 26th biggest position in Permanens' investment portfolio, accounting for 0.5% of its holdings. Other institutional investors have also been modifying their stakes in Amazon, with Bank of America Corp DE buying a new stake worth around $22,218,775,000.

Amazon's stock price has seen some fluctuations recently, with the company's CEO, Andrew R. Jassy, selling 20,000 shares on August 21st for an average price of $259.01 per share.

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