Amazon.com (AMZN) : Traders are bullish on Amazon.com (AMZN) as it has outperformed the S&P 500 by a wide margin of 0.21% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.52%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.94% in the last 1 week, and is up 2.7% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Amazon.com (NASDAQ:AMZN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $764.81 and $763.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $768.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $765.98, notching a gain of 0.68% for the day. The total traded volume was 2,704,391 . The stock had closed at $760.77 on the previous day.
The stock has recorded a 20-day Moving Average of 2.51% and the 50-Day Moving Average is 4.95%. Amazon.com, Inc. is up 13.66% in the last 3-month period. Year-to-Date the stock performance stands at 13.33%.
Amazon.com (AMZN) stock is expected to deviate a maximum of $82.57 from the average target price of $844.7 for the short term period. 30 Street Experts have initiated coverage on the stock with the most promising target being $995 and the most muted being $585.
Amazon.com, Inc. (Amazon.com) is an e-commerce company. The Company sells a range of products and services through its Websites. The Companys products are offered through consumer-facing Websites, which include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It designs its Websites to enable products to be sold by the Company and by third parties across various product categories. It also manufactures and sells electronic devices, including Kindle e-readers, Fire tablets, Fire TVs, Echo and Fire phones. Amazon.com operates in two segments: North America and International. The North America segment focuses on retail sales earned through North America-focused Websites. The International segment focuses on the Companys operations done through its international Websites. It serves developers and enterprises through Amazon Web Services (AWS). It serves authors and independent publishers with Kindle Direct Publishing.