What's Going On With Amazon.Com Stock Thursday?
Portfolio Pulse from Anusuya Lahiri
Amazon.com, Inc's stock is trading higher following positive reports. Amazon Prime members saved over $1 billion during Prime Big Deal Days, with millions of Alexa-enabled devices sold. Apple Inc's AirPods Pro were among the best-selling deals. Truist Securities analyst Youssef Squali noted Amazon's expansion into logistics services could unlock over $100 billion in revenue. AMZN shares traded higher by 1.62% at $133.88.
October 12, 2023 | 4:52 pm
News sentiment analysis
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POSITIVE IMPACT
Apple's AirPods Pro were among the best-selling deals during Amazon's Prime Big Deal Days.
The fact that Apple's AirPods Pro were among the best-selling deals during Amazon's Prime Big Deal Days indicates strong demand for the product, which could have a positive impact on Apple's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Amazon's stock is trading higher following positive reports about Prime Big Deal Days and potential revenue from logistics services expansion.
The positive reports about Amazon's Prime Big Deal Days and the potential revenue from its expansion into logistics services are likely to have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100