Amazon.com Sees Unusually High Options Volume (AMZN)
Amazon.com (NASDAQ:AMZN) was the target of unusually large options trading on Monday. Traders purchased 12,869 put options on the company, American Banking and Market News reports. This represents an increase of 155% compared to the average daily volume of 5,043 put options.
In other Amazon.com news, SVP Jeffrey Wilke unloaded 2,500 shares of the stock on the open market in a transaction dated Thursday, September 26th. The stock was sold at an average price of $319.02, for a total value of $797,550.00. Following the transaction, the senior vice president now directly owns 50,433 shares of the company’s stock, valued at approximately $16,089,136. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on AMZN. Analysts at Wedbush reiterated a “hold” rating on shares of Amazon.com in a research note to investors on Monday, September 23rd. They now have a $330.00 price target on the stock. Separately, analysts at Telsey Advisory Group raised their price target on shares of Amazon.com from $370.00 to $400.00 in a research note to investors on Monday, September 23rd. They now have a “not rated” rating on the stock. Finally, analysts at CRT Capital initiated coverage on shares of Amazon.com in a research note to investors on Thursday, September 19th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirty have given a buy rating to the stock. Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $330.26.
Amazon.com (NASDAQ:AMZN) traded down 2.82% on Monday, hitting $310.03. 2,085,725 shares of the company’s stock traded hands. Amazon.com has a one year low of $218.18 and a one year high of $322.92. The stock’s 50-day moving average is $300.1 and its 200-day moving average is $281.9. The company’s market cap is $141.6 billion.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 25th. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was up 22.4% on a year-over-year basis. Analysts expect that Amazon.com will post $0.87 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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