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Amazon Investor Blue Duck Capital Presses for Stock Boost, Capital Return
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Amazon Investor Blue Duck Capital Presses for Stock Boost, Capital Return
Nov 3, 2024 1:54 PM

10:23 AM EDT, 10/29/2024 (MT Newswires) -- Amazon.com ( AMZN ) shareholder Blue Duck Capital on Tuesday issued an open letter to the Amazon ( AMZN ) board of directors raising concerns over the "lackluster performance" of its stock.

In the letter, Blue Duck proposed a number of initiatives, including initiating a "significant" capital return program and providing more transparency about projected artificial intelligence investment, which it believes can help address the underperformance.

Amazon ( AMZN ) did not immediately respond to MT Newswires' request for comment.

Price: 188.71, Change: +0.32, Percent Change: +0.17

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