Why These 5 Stocks Are Trending on Wednesday

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1. Amazon.com, Inc. (NASDAQ:AMZN) is up 1.6% as of 11:22 AM ET following the news that the European Union (EU) antitrust regulators are expected to give the go-ahead to the $8.5 billion acquisition of MGM Studios. A week ago, the European Commission organized a “state of play” meeting regarding the deal. This development comes ahead of the March 15 deadline for a Phase I decision regarding the deal. InsiderMonkey’s proprietary data shows that Amazon.com, Inc. (NASDAQ:AMZN) is the most popular stock amongst the 924 hedge funds in our database. A total of 279 hedge funds have a stake in Amazon.com, Inc. (NASDAQ:AMZN) as of Q4 2021. The hedge funds hold a position of $49.16 billion collectively.

You can also take a peek at the 10 Companies That Topped Profit Expectations and 10 Bank Dividend Stocks to Diversify Your Portfolio.

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