Stocks
Rational Advisors Inc. Sells $1.23M Worth of AMZN Shares
Rational Advisors Inc., an investment firm, recently reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 20.3% during the second quarter.
The company sold 4,767 shares of AMZN stock, which was worth $1.23 million at the time, and now owns 18,698 shares.
This move is part of a larger trend in institutional investors modifying their holdings in Amazon.com. In contrast to other firms, Rational Advisors Inc. reduced its stake in the e-commerce giant.