17,857 Shares in Amazon.com, Inc. $AMZN Acquired by Pinnacle West Asset Management Inc.
MarketBeat
Pinnacle West Asset Management Inc. recently acquired 17,857 shares of Amazon.com, Inc. (NASDAQ:AMZN) worth approximately $4.26 million, making it their seventh-largest holding. The article highlights Amazon's strong quarterly earnings, significant institutional ownership, and growth initiatives like the Generac backup-generator agreement for AWS and expanded same-day delivery. However, concerns about high capital expenditures, regulatory scrutiny, and ongoing insider selling are also noted.
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