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Amazon's $7.881 Billion Trading Volume Lands Eighth in Market Activity as Bill Ackman's Pershing Square Buys In
Generated by AI AgentAinvest Volume Radar
Thursday, May 22, 2025 7:48 pm ET1min read
On May 22, 2025, Amazon's trading volume reached $7.881 billion, ranking eighth in the day's market activity. Amazon's stock price increased by 0.98%.
Billionaire investor Bill Ackman revealed that his hedge fund, Pershing Square, acquired
shares last month. This investment is based on the expectation that Amazon's earnings will continue to grow. The disclosure of this new stake by Pershing Square Holdings led to a notable boost in Amazon's stock price.Pershing Square's investment in Amazon is seen as a vote of confidence in the company's future prospects. The hedge fund's decision to buy Amazon shares at what it considers an 'extremely attractive' price has drawn attention to the tech giant's potential for further growth.
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