Exactly three hours ago the tech and ecommerce giant got hit with a new lawsuit from the federal trade commission and 17 state attorneys general. They are accusing amazon of using its market power to inflate prices, overcharge third theparty sellers and for using strong arm tack tactics to maintain its monopoly. The suit comes after a 4year probe into alleged monopolistic moves by amazon. So its actually affecting the Broader Market here. The stock is driving the nasdaq 100 lower. Right now we have got the nasdaq down about 209 points or 1. 5 . It is among the worst performers on the index. Siriusxm on semiconductor cin actioner cintas joining amazon on the biggest laggards list. The that major indices head for their fifth if fifth fifth down day over the last six. If you look at the dow, it is down 403 points, thats at the low concern below its 200day moving average. Microsoft, goldman sachs, caterpillar and United Health care account for onethird of the dows losses. Apple is in the w
Foxhaven Asset Management LP trimmed its position in The Liberty SiriusXM Group (NASDAQ:LSXMK – Free Report) by 96.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,920 shares of the technology company’s stock after selling 1,453,493 shares during the quarter. The Liberty SiriusXM Group […]
III Capital Management lessened its stake in The Liberty SiriusXM Group (NASDAQ:LSXMA – Free Report) by 46.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,376 shares of the technology company’s stock after selling 15,000 shares during the period. III Capital Management’s holdings in […]
III Capital Management lessened its stake in The Liberty SiriusXM Group (NASDAQ:LSXMA – Free Report) by 46.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,376 shares of the technology company’s stock after selling 15,000 shares during the period. III Capital Management’s holdings in […]
Cadian Capital Management LP raised its position in shares of The Liberty SiriusXM Group (NASDAQ:LSXMA – Free Report) by 35.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,474,376 shares of the technology company’s stock after purchasing an additional 384,000 shares during the period. The Liberty SiriusXM Group comprises about 1.7% of Cadian […]