Calydon Capital Cuts Amazon Stock Holdings

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Calydon Capital, a hedge fund, has significantly reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 65% during the third quarter, now owning 72,662 shares worth $15,954,000. This move, which positions Amazon as the hedge fund’s fifth-largest holding, suggests potential concerns about Amazon’s near-term outlook despite its market influence. The change in such a widely held stock’s institutional ownership can offer insights into broader market sentiment.

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