Progressive Investment Management Corp Cuts Amazon.com Position

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Progressive Investment Management Corp, led by Carsten Henningsen, significantly reduced its stake in Amazon.com Inc. (AMZN) by 1,143 shares. Amazon’s stock has shown recent volatility, trading below analyst targets despite strong Q4 sales and accelerating AWS growth driven by AI demand, largely due to concerns over a substantial capital expenditure plan. Analysts largely maintain “Buy” ratings, viewing the current period as an investment cycle poised to boost future growth and improve cash flow.

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