Somewhat Critical News Coverage Extremely Unlikely to Impact Amazon.com (AMZN) Share Price
News coverage about Amazon.com (NASDAQ:AMZN) has trended somewhat negative this week, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of press coverage by reviewing more than 6,000 blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Amazon.com earned a news sentiment score of -1.14 on their scale. InfoTrie also gave news coverage about the e-commerce giant an news buzz score of 1 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Amazon.com’s ranking:
- The Wall Street Journal: Amazon bolsters smart-home offerings with Eero acquisition (marketwatch.com)
- MarketWatch First Take: Amazon wants to control your entire house after Eero acquisition (marketwatch.com)
- Amazon to buy Wi-Fi device maker Eero (marketbeat.com)
- Former Amazon Executive Emerges as Foe of Jeff Bezos (wsj.com)
- Jeff Bezos seeks legal counsel from firm that defended Weinstein (finance.yahoo.com)
AMZN stock opened at $1,591.00 on Tuesday. Amazon.com, Inc. has a 12-month low of $1,307.00 and a 12-month high of $2,050.50. The stock has a market capitalization of $780.14 billion, a price-to-earnings ratio of 79.00, a PEG ratio of 2.23 and a beta of 1.62. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.10.
AMZN has been the subject of a number of research analyst reports. Oppenheimer reaffirmed a “buy” rating and set a $2,020.00 price objective (down from $2,130.00) on shares of Amazon.com in a report on Monday, October 29th. Credit Suisse Group lifted their price objective on shares of Amazon.com from $2,100.00 to $2,400.00 and gave the stock an “outperform” rating in a report on Monday, October 22nd. SunTrust Banks lifted their price objective on shares of Amazon.com to $2,250.00 and gave the stock a “buy” rating in a report on Friday, October 26th. Deutsche Bank reaffirmed a “buy” rating on shares of Amazon.com in a report on Tuesday, October 23rd. Finally, Barclays reaffirmed an “overweight” rating and set a $1,950.00 price objective (down from $2,100.00) on shares of Amazon.com in a report on Friday, October 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and forty-four have assigned a buy rating to the company’s stock. Amazon.com has an average rating of “Buy” and a consensus target price of $2,107.33.
In related news, CEO Jeffrey A. Wilke sold 1,230 shares of the business’s stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $1,506.94, for a total transaction of $1,853,536.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 437 shares of the business’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $1,573.11, for a total transaction of $687,449.07. The disclosure for this sale can be found here. Insiders sold 5,503 shares of company stock worth $8,552,040 in the last 90 days. Corporate insiders own 16.30% of the company’s stock.
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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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