Amazon Stock Price Today – Is Amazon.com, Inc. (AMZN) a Stock to Watch After Gaining 7.97% This Week?
The market has been high on Amazon.com, Inc. (AMZN) stock recently. AMZN gets a Bullish score from InvestorsObserver’s Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What’s Happening With AMZN Stock Today?
Amazon.com, Inc. (AMZN) stock is trading at $3,298.87 as of 2:40 PM on Wednesday, Apr 7, a gain of $75.05, or 2.33% from the previous closing price of $3,223.82. The stock has traded between $3,223.65 and $3,303.61 so far today. Volume today is less active than usual. So far 2,418,527 shares have traded compared to average volume of 3,450,541 shares.
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More About Amazon.com, Inc.
Amazon is a leading online retailer and one of the highest-grossing e-commerce aggregators, with $386 billion in net sales and approximately $482 billion in estimated physical/digital online gross merchandise volume, or GMV, in 2020. Retail related revenue represented approximately 83% of total, followed by Amazon Web Services’ cloud computing, storage, database, and other offerings (12%), and advertising services and cobranded credit cards (6%). International segments constituted 27% of Amazon’s non-AWS sales in 2020, led by Germany, the United Kingdom, and Japan.
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