Amazon.com (AMZN) : Traders are bullish on Amazon.com (AMZN) as it has outperformed the S&P 500 by a wide margin of 4.93% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.87%, 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 2.42% in the last 1 week, and is up 2.8% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.36% and the 50-Day Moving Average is 2.56%.The 200 Day SMA reached 17.26% Amazon.com, Inc. is up 10.21% in the last 3-month period. Year-to-Date the stock performance stands at 15.18%.
Amazon.com (AMZN) : The consensus price target for Amazon.com (AMZN) is $849.1 for the short term with a standard deviation of $92.3. The most optimist securities analyst among the 29 who monitor the stock believes that the stock can reach $995, however, the pessimist price target for the company is $520.
For the current week, the company shares have a recommendation consensus of Buy. Amazon.com (NASDAQ:AMZN): The stock opened at $773.28 and touched an intraday high of $780.46 on Friday. During the day, the stock corrected to an intraday low of $771.66, however, the bulls stepped in and pushed the price higher to close in the green at $778.52 with a gain of 1.15% for the day. The total traded volume for the day was 5,499,182. The stock had closed at $769.69 in the previous trading session.
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.