Amazon.com (AMZN) : Net money flow in Amazon.com (AMZN) was negative ($24.77 million) and the inflow of money on uptick was $392.46 million, whereas, the outflow of money on downticks amounted to $417.22 million on Tuesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.94. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $28.4 million. The money flow in block trades was negative ($28.4). Amazon.com (AMZN) gained $2.29 cent during the day and reached $771.29, a gain of 0.3% over the previous day.
Also, In a research note released to the investors, MKM Partners maintains its rating on Amazon.com (NASDAQ:AMZN).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, MKM Partners raises the new price target from $850 per share to $995 per share. The rating by the firm was issued on August 2, 2016.
Shares of Amazon.com, Inc. appreciated by 0.67% during the last five trading days but lost 0.02% on a 4-week basis. Amazon.com, Inc. is up 6.69% in the last 3-month period. Year-to-Date the stock performance stands at 13.57%.
Amazon.com (NASDAQ:AMZN): The stock opened at $771.05 on Tuesday but the bulls could not build on the opening and the stock topped out at $771.84 for the day. The stock traded down to $765.56 during the day, due to lack of any buying support eventually closed down at $767.58 with a loss of -0.48% for the day. The stock had closed at $771.29 on the previous day. The total traded volume was 1,709,158 shares.
In a related news, The Securities and Exchange Commission has divulged that Wilke Jeffrey A, officer (CEO Worldwide Consumer) of Amazon Com Inc, had unloaded 4,890 shares at an average price of $768.9 in a transaction dated on August 15, 2016. The total value of the transaction was worth $3,759,921.
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.