Market Blog

Prime Day sentiments drive Amazon stock prices today

AMZN– Amazon.com, Inc. is a global e-retailer.

AMZN – Amazon.com, Inc

Fundamentals Previously closed at 753.78
Day’s high 757.34
Day’s low 750.51
P/E ratio 309.99
EPS 2.43

 

Analysts opinion Today is Amazon’s Prime Day – a shopping event which allows amazon’s Prime members to shop at Amazon with deep discounts. According to analyst estimates, last year’s Prime day drove about $375 Million worth Sales, and this year it is expected to be around $800 Million. Analyst confidence meter, a proprietary algorithm of Stockal gives 84% buy based on analyst ratings.
Sentiments The stock is flat today in early trading, since a few Prime customers reported difficulties in checking out, and Amazon tweeted that it is working on resolving the issue. The sentiment index is 50% positive according to Stockal proprietary algorithm.
Social Media Pulse The stock has 98% higher social media chatter than usual.

 


Disclaimer: This blog contains an aggregated view of analysts and opinions by the author. Do not consider this as financial advice. See http://stockal.com/legalities/

 

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