Amazon.com, Inc. (AMZN) stock has gained 4.98% over the past week and gets a Bullish rating from InvestorsObserver 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?
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.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With AMZN Stock Today?
Amazon.com, Inc. (AMZN) stock is trading at $3,428.40 as of 1:10 PM on Monday, Aug 30, a gain of $78.77, or 2.35% from the previous closing price of $3,349.63. The stock has traded between $3,355.22 and $3,440.44 so far today. Volume today is low. So far 1,942,878 shares have traded compared to average volume of 3,196,537 shares.
To screen for more stocks like Amazon.com, Inc. click here.
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 20202, led by Germany, the United Kingdom, and Japan.
Click Here to get the full Stock Report for Amazon.com, Inc. stock.