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Shelton Capital Management sold nearly 91,000 Amgen shares, but the company remains financially strong.
Shelton Capital Management reduced its holdings of Amgen Inc. by selling 90,975 shares in the fourth quarter, leaving it with 83,769 shares valued at $21.8 million.
Despite this, Amgen has a strong financial standing with a dividend yield of 3.29% and analysts projecting earnings of $20.62 per share for the current year.
The company focuses on developing therapeutics for various medical conditions.
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Shelton Capital Management vendió casi 91.000 acciones de Amgen, pero la compañía sigue siendo financieramente fuerte.