Overall market sentiment has been high on Amazon.com, Inc. (AMZN) stock lately. AMZN receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Amazon.com, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on AMZN!
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With AMZN Stock Today?
Amazon.com, Inc. (AMZN) stock is trading at $3,419.65 as of 11:49 AM on Monday, Oct 18, a rise of $10.63, or 0.31% from the previous closing price of $3,409.02. Volume today is below average. So far 1,597,011 shares have traded compared to average volume of 2,904,120 shares. The stock has traded between $3,385.10 and $3,435.53 so far today.
To see InvestorsObserver's Sentiment Score for Amazon.com, Inc. click here.
More About Amazon.com, Inc.
Amazon.com Inc 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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