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Benzinga
Benzinga
Business
Melanie Schaffer

Institutions Just Traded Millions Worth Of Amazon, Verizon Stocks On Dark Pools: What Does It Mean?

Amazon Verizon NYSE GameStop

At 9:12 a.m. on Wednesday, @MelStone31 posted an image to Twitter indicating institutions traded large blocks of Amazon.com, Inc (NASDAQ:AMZN) and Verizon Communications, Inc (NYSE:VZ) shares over a dark pool exchange.

The Trades: At 7:45:51 a.m. an institution traded 135,258 shares of Amazon at $107.40. At the exact same time, another order for 249,255 Amazon shares went through at the same price. Together, the two trades amount to a $41.3-million bet on the e-commerce and streaming giant.

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