What Happened Tuesday With Amazon Stock?
Portfolio Pulse from Henry Khederian
Amazon.com, Inc. (NASDAQ:AMZN) shares closed higher by 1.05% to $126.61 on Tuesday, moving in tandem with major indices despite a lack of company-specific news. Trading volume was below average with 45.62 million shares exchanged, compared to the trailing 100-day volume of 62.49 million shares.
June 06, 2023 | 10:08 pm
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NEUTRAL IMPACT
Amazon shares closed 1.05% higher at $126.61 on Tuesday, despite no company-specific news and below-average trading volume.
Amazon's stock price increased by 1.05% on Tuesday, despite no company-specific news. The stock moved in tandem with major indices, and the trading volume was below average. This indicates that the stock's movement was likely influenced by broader market trends rather than any specific news about the company. As a result, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 100