Wall Street Short Sellers Piled Into Amazon and Microsoft at Historic Rates Before Earnings. Now They’re Rallying.
The post-earnings rally in mega-cap tech has turned into a genuine squeeze, it seems. Microsoft (NASDAQ:MSFT) stock is up 27% over the past month, and Microsoft shares are up 2% to $497 Tuesday afternoon. Meanwhile, Amazon (NASDAQ:AMZN) stock is up 14% over the past month; it’s also down 2% to $277 today, but that could ... Wall Street Short Sellers Piled Into Amazon and Microsoft at Historic Rates Before Earnings. Now They’re Rallying.
The post-earnings rally in mega-cap tech has turned into a genuine squeeze, it seems. Microsoft (NASDAQ:MSFT) stock is up 27% over the past month, and Microsoft shares are up 2% to $497 Tuesday afternoon. Meanwhile, Amazon (NASDAQ:AMZN) stock is up 14% over the past month; it’s also down 2% to $277 today, but that could ... Wall Street Short Sellers Piled Into Amazon and Microsoft at Historic Rates Before Earnings. Now They’re Rallying.
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