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Progressive Investment Management Corp, managed by Carsten Henningsen, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund reduced its position by 1,397 shares.
Spark’s Take on AMZN Stock
According to Spark, TipRanks’ AI Analyst, AMZN is a Outperform.
Amazon’s strong financial performance and positive earnings call sentiment are the most significant factors driving the score. Technical analysis supports a bullish outlook, though caution is advised due to potential overbought conditions. The high valuation reflects growth expectations but may limit appeal to value investors.
To see Spark’s full report on AMZN stock, click here.
More about Amazon.Com, Inc.
YTD Price Performance: 13.61%
Average Trading Volume: 45,535,017
Current Market Cap: $2665.3B