Amazon stock news “(Reuters) – Amazon.com Inc on Thursday posted the biggest profit in its 26-year history as online sales and its lucrative business supporting third-party merchants surged during the coronavirus pandemic. Shares of Amazon, the world’s largest online retailer, rose 5% in after-hours trade. While rival brick-and-mortar retailers have had to shut stores during government-imposed lockdowns, Amazon hired 175,000 people in recent months and saw demand for its services soar. The company said revenue jumped 40% from a year earlier to $88.9 billion. Amazon had forecast it might lose money in the just-ended second quarter because it expected to spend some $4 billion on protective equipment for staff and other expenses related to COVID-19. It did just that – and still earned $5.2 billion – double its net income from a year prior. Jeff Bezos, who founded the company in July 1994 and is the world’s richest person, said…
Amazon (AMZN) stock news “Amazon’s business practices examined by two U.S. states. (Reuters) – State investigators in both California and Washington are examining Amazon (NASDAQ:AMZN)’s business practices, two newspapers reported, citing people familiar with the matter. The inquiries focus at least in part on how Amazon treats sellers in its online marketplace, the Wall Street Journal and the New York Times (NYSE:NYT) reported on Friday. Amazon declined to comment on the report of an investigation by California. It was not immediately available for comment outside regular market hours on the Washington review report. The reports said California state is reviewing Amazon’s practices on selling its own products in competition with third-party vendors. Amazon said its in-house products only account for about 1% of its total annual retail sales. Washington state is also investigating whether Amazon makes it harder for sellers to list their products on other websites, the NYT reported….
Amazon.com, Inc. (AMZN) stock Amazon.com, Inc. (AMZN) stock closed at 1,900.10-55.39 (-2.83%) on Friday, March 27, 2020. AMZN stock for the week gained +2.93%. AMZN stock news Exclusive: Amazon entices warehouse employees to grocery unit with higher pay Stock market data: MarketWatch, Stockscharts Investing Check this link if you are interested in trading
Amazon stock Amazon.com, Inc. (AMZN) stock closed at 1,901.09-22.94 (-1.19%) on Friday, March 6, 2020. It made a bounce off the 1870 level. Still technical analysis for Amazon stock shows a negative MACD crossover. Amazon stock has declined from the recent 2150 level, but it still has a PE Ratio (TTM) 82.62, and a Beta (5Y Monthly) of 1.54. It could have stock price volatility in the near future. Investing in stocks with the latest spike in volatlity adds more risks. Check the Amazon stock chart below, analyze the fundamentals and its valuation before deciding to buy the stock or sell the stock. Stock market data: Stockcharts.com, Yahoo Finance