Amazon.com (AMZN) Given Daily News Impact Score of 0.12
Media headlines about Amazon.com (NASDAQ:AMZN) have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Amazon.com earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news articles about the e-commerce giant an impact score of 45.6067365737978 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern’s rankings:
- Is Boston a Good Fit for Amazon’s (AMZN) Second Headquarter? – Nasdaq (nasdaq.com)
- AMZN Stock: Amazon.com Inc. (AMZN) Stock Is Preparing for a … – Investorplace.com (investorplace.com)
- Arizona group sends Amazon CEO Jeff Bezos 21-foot cactus in headquarters bid (finance.yahoo.com)
- Elon Musk Sets Tesla Semi Truck Unveil Date; 2 FANGs Take Key Step (finance.yahoo.com)
- Goldman Sachs invests $233M in Kevin Plank’s Port Covington project (finance.yahoo.com)
AMZN has been the subject of several research analyst reports. Credit Suisse Group reissued an “outperform” rating on shares of Amazon.com in a research note on Thursday, August 31st. Cowen and Company reissued an “outperform” rating and set a $1,125.00 target price on shares of Amazon.com in a research note on Thursday, August 10th. Robert W. Baird reissued an “outperform” rating and set a $1,100.00 target price on shares of Amazon.com in a research note on Friday, May 19th. Deutsche Bank AG reissued a “buy” rating on shares of Amazon.com in a research note on Monday, June 12th. Finally, Zacks Investment Research downgraded Amazon.com from a “hold” rating to a “strong sell” rating in a research note on Monday, July 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-six have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $1,094.66.
Shares of Amazon.com (NASDAQ AMZN) traded up 1.73% on Wednesday, hitting $999.60. The stock had a trading volume of 3,356,120 shares. The firm has a market cap of $480.19 billion, a price-to-earnings ratio of 254.22 and a beta of 1.47. Amazon.com has a 12-month low of $710.10 and a 12-month high of $1,083.31. The stock has a 50 day moving average of $980.19 and a 200 day moving average of $947.70.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($1.00). Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The company had revenue of $37.96 billion for the quarter, compared to analysts’ expectations of $37.18 billion. During the same period in the prior year, the company posted $1.78 EPS. The firm’s revenue was up 24.8% compared to the same quarter last year. Equities analysts predict that Amazon.com will post $4.01 earnings per share for the current fiscal year.
In other news, CEO Jeffrey A. Wilke sold 2,800 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $9,552,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian T. Olsavsky sold 2,334 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $988.90, for a total value of $2,308,092.60. Following the sale, the insider now directly owns 1,748 shares in the company, valued at approximately $1,728,597.20. The disclosure for this sale can be found here. Insiders have sold 9,793 shares of company stock worth $9,574,377 in the last ninety days. Corporate insiders own 17.70% of the company’s stock.
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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