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?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
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 $3,471.34 as of 1:45 PM on Friday, Sep 17, a drop of -$16.90, or -0.48% from the previous closing price of $3,488.24. Volume today is low. So far 1,979,725 shares have traded compared to average volume of 2,775,457 shares. The stock has traded between $3,460.60 and $3,497.41 so far today.
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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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