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Should You Buy Amazon.com, Inc. (AMZN) Stock on Friday?

Friday, August 19, 2022 10:38 AM | InvestorsObserver Analysts
Should You Buy Amazon.com, Inc. (AMZN) Stock on Friday?

Overall market sentiment has been neutral on Amazon.com, Inc. (AMZN) stock lately. AMZN receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,neutral
Amazon.com, Inc. has a Neutral 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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With AMZN Stock Today?

Amazon.com, Inc. (AMZN) stock is trading at $139.05 as of 10:35 AM on Friday, Aug 19, a decline of -$3.25, or -2.28% from the previous closing price of $142.30. The stock has traded between $138.69 and $141.11 so far today. Volume today is light. So far 12,155,421 shares have traded compared to average volume of 60,636,226 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 $578 billion in estimated physical/digital online gross merchandise volume in 2021. Retail-related revenue represents approximately 80% of the total, followed by Amazon Web Services' cloud computing, storage, database, and other offerings (10%-15%), advertising services (5%), and other. International segments constitute 25%-30% of Amazon's non-AWS sales, led by Germany, the United Kingdom, and Japan. Click Here to get the full Stock Report for Amazon.com, Inc. stock.

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