BETA Stock Rallies Over 15% After-Hours — What’s The Amazon Connection?
Synopsis
In a filing with the U.S. Securities and Exchange Commission, Amazon disclosed a 5.3% stake in Beta Technologies.
Shares of BETA Technologies Inc. (BETA) rallied more than 15% in Tuesday’s after-market hours following a disclosure from Amazon.com (AMZN) about a stake in the company.
In a filing with the U.S. Securities and Exchange Commission, Amazon disclosed a 5.3% stake in Beta Technologies, representing more than 11.75 million shares.
Shares of AMZN were up 0.16% in after-hours at the time of writing.
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