Investors Purchase Large Volume of Amazon.com Put Options (AMZN)
Shares of Amazon.com (NASDAQ:AMZN) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 15,810 put options on the stock, Analyst Ratings Network reports. This represents an increase of approximately 793% compared to the average daily volume of 1,771 put options.
A number of analysts have recently weighed in on AMZN shares. Analysts at Wedbush initiated coverage on shares of Amazon.com (NASDAQ:AMZN) in a research note to investors on Tuesday, September 10th. They set a “neutral” rating and a $330.00 price target on the stock. Separately, analysts at TheStreet reiterated a “hold” rating on shares of Amazon.com (NASDAQ:AMZN) in a research note to investors on Wednesday, August 21st. Finally, analysts at Thomson Reuters/Verus downgraded shares of Amazon.com (NASDAQ:AMZN) from a “hold” rating to a “sell” rating in a research note to investors on Monday, August 12th.
One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirty have assigned a buy rating to the stock. Amazon.com presently has an average rating of “Buy” and a consensus price target of $329.38.
Amazon.com (NASDAQ:AMZN) traded up 2.59% on Wednesday, hitting $312.034. 2,946,338 shares of the company’s stock traded hands. Amazon.com has a 1-year low of $218.18 and a 1-year high of $313.62. The stock has a 50-day moving average of $293.6 and a 200-day moving average of $277.9. The company’s market cap is $142.6 billion.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 25th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.13. The company had revenue of $15.70 billion for the quarter, compared to the consensus estimate of $15.73 billion. During the same quarter last year, the company posted $0.01 earnings per share. Amazon.com’s revenue was up 22.4% compared to the same quarter last year. Analysts expect that Amazon.com will post $0.86 EPS for the current fiscal year.
Amazon.com, Inc (NASDAQ:AMZN), incorporated on May 28, 1996, serves consumers through its retail websites and focus on selection, price, and convenience.
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