Stock Traders Purchase High Volume of Amazon.com Put Options (AMZN)
Amazon.com (NASDAQ:AMZN) saw unusually large options trading activity on Thursday. Traders bought 50,496 put options on the stock, AR Network reports. This represents an increase of approximately 132% compared to the average daily volume of 21,797 put options.
AMZN has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Amazon.com in a research note on Tuesday, May 20th. Separately, analysts at Edward Jones initiated coverage on shares of Amazon.com in a research note on Wednesday, April 30th. They set a “buy” rating on the stock. Finally, analysts at S&P Equity Research reiterated a “sell” rating on shares of Amazon.com in a research note on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Amazon.com currently has a consensus rating of “Buy” and an average price target of $415.56.
Amazon.com (NASDAQ:AMZN) traded up 5.47% on Thursday, hitting $323.57. The stock had a trading volume of 7,795,127 shares. Amazon.com has a 52 week low of $264.21 and a 52 week high of $408.06. The stock’s 50-day moving average is $307.6 and its 200-day moving average is $354.9. The company has a market cap of $148.9 billion and a price-to-earnings ratio of 478.60.
Amazon.com (NASDAQ:AMZN) last released its earnings data on Thursday, April 24th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. The company had revenue of $19.74 billion for the quarter, compared to the consensus estimate of $19.42 billion. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 22.8% on a year-over-year basis. Analysts expect that Amazon.com will post $1.09 EPS for the current fiscal year.
Amazon.com, Inc (NASDAQ:AMZN) serves consumers through its retail websites and focus on selection, price, and convenience.
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