Amazon.com (AMZN) has risen sharply, recording gains of 1.67% in the past 4 weeks. However, the stock has corrected -1.97% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.28% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Amazon.com, Inc. is up 7.76% in the last 3-month period. Year-to-Date the stock performance stands at 12.05%. The stock has recorded a 20-day Moving Average of 0.27% and the 50-Day Moving Average is 2.46%.
Amazon.com (NASDAQ:AMZN): The stock opened at $761.90 on Friday but the bulls could not build on the opening and the stock topped out at $762.49 for the day. The stock traded down to $756.89 during the day, due to lack of any buying support eventually closed down at $757.31 with a loss of -0.94% for the day. The stock had closed at $764.46 on the previous day. The total traded volume was 2,343,237 shares.
Also, Brokerage firm MKM Partners maintains its rating on Amazon.com (NASDAQ:AMZN). As per the latest information, the brokerage house raises the price target to $995 per share from a prior target of $850. The shares have been rated Buy. The rating by the firm was issued on August 2, 2016.
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.