(Motley Fool) When one of the most profitable hedge fund managers of all time liquidates a large position in any company, smart investors take notice. Late last year, that’s precisely what happened with shares of Amazon.com. At some point in the fourth quarter of last year, Point72 Asset Management, the $10 billion-plus family office of infamous billionaire trader Steven A. Cohen, sold its entire stake in the e-commerce giant, a position worth roughly $200 million. So why did Point72 sell Amazon stock, and what are the implications….
This Hedge Fund Sold $200m of Amazon Stock: Time for You to Sell, Too?
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