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Shares of Amazon ( AMZN 5.35%) traded roughly 3.3% higher, as of 1:34 p.m. ET today. Shares of Walmart ( WMT -0.14%) traded nearly 2% higher, while shares of Home Depot ( HD 0.75%) were up about 1.3%.

The change is a strategic step towards integrating its holding framework with its principal business activities.

The company said in a released statement, "This move represents a natural evolution, aligning our holding structure with our ...