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Last week, Cathie Wood’s Ark Invest purchased more than 39,000 Amazon shares. Cathie Wood and Ark Invest bought 39,288 shares of Amazon $AMZN Monday — Markets Today (@marketsday) January 7, 2025 Now the ETFs of Ark Invest as a whole own more than 400,000 AMZN shares. The purchases of Amazon shares by Cathie Wood of Ark Invest The first major purchases of Amazon shares were made by Ark Invest ETFs in 2022, when they came to own more than 70,000 in total. Last year, in the middle of the bull run, they bought more, but in August, when the stock price of AMZN had fallen below $170, they had sold almost all of them. Note that the initial purchases were made at a price of $110 per share.  Starting from September 2024, however, they returned to buying, but without exceeding 30,000 shares.  Subsequently, they made three large purchases, one in October, one in November, and one in December, thanks to which they managed to exceed 380,000 shares.  With the recent purchase last week, they have moved well above 400,000 shares, which now have a total value in dollars of more than 87 million.  The trend on the Stock Exchange of Amazon (AMZN) shares Before the outbreak of the pandemic, in March 2020, the price of Amazon shares had risen to almost $110. After a strong decline due to the start of the pandemic, which brought the price down to $81 in a matter of days, a new climb towards new all-time highs began.  On the other hand, the largest QE in the entire history of the Fed was underway, and the financial markets were flooded with an excessive amount of liquidity.  In fact, the price of Amazon shares in 2021 reached peaks above $180, only to then collapse to $81…

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Filed under: News - @ January 14, 2025 4:23 pm