Guinness Atkinson Asset Management Inc reduced its stake in Amazon.com by 7.9% in Q3, selling 2,421 shares, while institutional investors now collectively own about 72.2% of AMZN. Company insiders have also recently sold shares totaling approximately $15.07M. Amazon’s strategic investments in OpenAI and data center expansion are viewed positively for AWS, but concerns remain regarding massive capital expenditures and legal challenges.
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Amazon.com, Inc. $AMZN Shares Sold by Guinness Atkinson Asset Management Inc
Guinness Atkinson Asset Management Inc reduced its stake in Amazon.com by 7.9% in Q3, selling 2,421 shares, while institutional investors now collectively own about 72.2% of AMZN. Company insiders have also recently sold shares totaling approximately $15.07M. Amazon’s strategic investments in OpenAI and data center expansion are viewed positively for AWS, but concerns remain regarding massive capital expenditures and legal challenges.