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Benzinga
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Bill Ackman's Amazon Trade Reverses Course – Now Up $119 Million And Counting In Third Quarter

1. Bill Ackman added a new stake in Amazon during Q2. 2. Amazon stock increased from $219.39 to $239.90 since Q2. 3. Amazon reported strong Q3 earnings, surpassing analyst expectations. 4. AWS cloud segment is experiencing fastest growth since 2022. 5. Ackman will disclose new positions in mid-November.

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FAQ

Why Bullish?

Ackman's stake signifies institutional confidence. Historical increases in institutional holdings often correlate with price appreciation.

How important is it?

Institutional investments by firms like Pershing Square can influence market trends significantly.

Why Long Term?

Continued strong performance could attract more investors. Over time, the momentum from Q3 could sustain growth.

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