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13 Jun: AMZN stock news for June 13, 2020

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. The inquiries did not appear to be in advanced stages, the NYT report added, citing sources.”

Source: https://www.investing.com/news/stock-market-news/california-examines-amazons-business-practices-wsj-2200868

AMZN stock chart

On Friday, June 12, 2020, Amazon.com, Inc. (AMZN) stock price closed at
2,545.02-12.94 (-0.51%).

Amazon.com, Inc. (AMZN) stock chart
Amazon.com, Inc. (AMZN) stock chart

Stock market source: Stockscharts

29 Mar: AMZN stock price gained over 2.5% this week

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 daily chart
AMZN stock daily chart

AMZN stock news

Stock market data: MarketWatch, Stockscharts

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08 Mar: Amazon stock closed marginally above 1900 USD

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.

Amazon stock chart
Amazon stock chart

Stock market data: Stockcharts.com, Yahoo Finance