Amazon Stock Price Today: Amzn Stock Price Today
Source: invezz.com
Amzn stock price today – This report provides an overview of Amazon (AMZN) stock performance as of 14:30 PST, October 26, 2023. Data presented is for illustrative purposes and should not be considered financial advice. Always consult with a financial professional before making any investment decisions.
Current AMZN Stock Price & Volume
At 14:30 PST on October 26, 2023, AMZN stock was trading at $135.50, with a trading volume of 2,500,000 shares. This represents a 1.5% increase (+ $2.00) from the previous day’s closing price of $133.50. The overall market trend for the day is slightly positive, with the major indices showing modest gains. However, this is a snapshot in time and market conditions can change rapidly.
Day’s Trading Activity
Source: businessinsider.in
AMZN stock experienced moderate price fluctuations throughout the trading day. The stock reached a high of $136.25 and a low of $134.00. No significant news events directly impacting AMZN were reported during this period. The price movements largely mirrored the overall market sentiment.
| Time (PST) | Price | Volume | Event |
|---|---|---|---|
| 9:30 | $134.00 | 500,000 | Market Open |
| 11:00 | $135.50 | 750,000 | N/A |
| 13:00 | $136.25 | 800,000 | High for the day |
| 14:30 | $135.50 | 450,000 | N/A |
AMZN Stock Performance Compared to Peers
A comparison of AMZN’s daily performance against three major competitors (Microsoft (MSFT), Alphabet (GOOGL), and Apple (AAPL)) reveals varying degrees of success.
- AMZN: +1.5%
- MSFT: +0.8%
- GOOGL: +1.2%
- AAPL: +0.5%
A bar chart illustrating the relative daily performance would show AMZN with the tallest bar, followed by GOOGL, MSFT, and then AAPL, reflecting the percentage changes listed above. The chart would visually represent the outperformance of AMZN compared to its peers on this particular day.
Factors Influencing AMZN Stock Price
Several factors can influence AMZN’s stock price. Three key factors today are likely to include overall market sentiment, investor confidence in the company’s future growth, and any news related to its cloud computing business (AWS).
- Overall Market Sentiment: A positive overall market trend generally boosts stock prices, including AMZN’s. Conversely, negative market sentiment can lead to price declines.
- Investor Confidence in Future Growth: Positive news regarding AMZN’s expansion into new markets or successful new product launches can boost investor confidence, leading to higher stock prices. Conversely, concerns about competition or slowing growth can negatively impact the stock.
- AWS Performance: AWS is a major revenue driver for AMZN. Strong performance in AWS, indicated by increased revenue or market share, tends to positively impact the stock price. Conversely, any concerns about AWS’s growth or competition can lead to price decreases.
Analyst Sentiment & Predictions
Analyst sentiment towards AMZN stock is generally positive, with many believing the company is well-positioned for long-term growth. The average price target from a range of analysts is around $145. There have been no significant upgrades or downgrades of AMZN’s stock rating by major financial institutions recently, indicating a stable outlook.
Impact of Economic Indicators, Amzn stock price today
Source: thestreet.com
Macroeconomic indicators such as inflation rates and consumer spending significantly influence AMZN’s stock price. For example, high inflation can reduce consumer spending, impacting AMZN’s retail sales and potentially affecting its stock price negatively. Conversely, strong consumer spending generally leads to higher revenue for AMZN, positively influencing its stock price.
- Inflation: High inflation erodes purchasing power, impacting consumer spending and potentially reducing AMZN’s retail sales. Historically, periods of high inflation have been associated with periods of lower AMZN stock valuations.
- Consumer Spending: Strong consumer spending boosts AMZN’s retail sales and contributes to positive investor sentiment, leading to a rise in the stock price. Conversely, weak consumer spending can negatively impact AMZN’s financial performance and stock price.
Q&A
What are the typical trading hours for AMZN stock?
AMZN stock trades on the NASDAQ exchange, typically from 9:30 AM to 4:00 PM Eastern Time (ET), Monday through Friday, excluding holidays.
Where can I find real-time AMZN stock quotes?
Real-time quotes are available through major financial websites and brokerage platforms such as Yahoo Finance, Google Finance, Bloomberg, and others.
How frequently is AMZN stock price data updated?
AMZN stock price data is updated in real-time throughout the trading day, reflecting every transaction.
What are the risks associated with investing in AMZN stock?
Like any stock, investing in AMZN carries inherent risks, including market volatility, company-specific risks (e.g., competition, regulatory changes), and macroeconomic factors.