Amazon invests in Fisher Investments reviews
Amazon has bought the shares of Fisher Investments, which are rated investment grade, in a bid to help bolster its diversification.
The buyback will see the stock price rise from $32.60 on Tuesday to $34.40 by the end of the week.
The move comes as Amazon continues to face the scrutiny of regulators as part of the probe into whether it breached the terms of its $13bn deal with the US government to supply Amazon with fuel and other essential items for the fleet of its delivery vehicles.
The shares of Amazon are up 2.5pc in after-hours trading, while its shares have fallen in the last two sessions.