AMZN Stock Summary and Trading Ideas (Amazon.com | NASDAQ:AMZN)

Amazon is the leading online retailer and marketplace for third party sellers. Retail related revenue represents approximately 75% of total, followed by Amazon Web Services' cloud computing, storage, database, and other offerings (15%), advertising services (5% to 10%), and other the remainder. International segments constitute 25% to 30% of Amazon's non-AWS sales, led by Germany, the United Kingdom, and Japan.

Amazon.com trades on the NASDAQ stock market under the symbol AMZN.

As of November 22, 2024, AMZN stock price declined to $197.12 with 27,261,300 million shares trading.

AMZN has a beta of 1.37, meaning it tends to be more sensitive to market movements. AMZN has a correlation of 0.47 to the broad based SPY ETF.

AMZN has a market cap of $2.07 trillion. This is considered a Mega Cap stock.

Last quarter Amazon.com reported $159 billion in Revenue and $1.43 earnings per share. This beat revenue expectation by $2 billion and exceeded earnings estimates by $.29.

In the last 3 years, AMZN traded as high as $215.90 and as low as $81.43.

The top ETF exchange traded funds that AMZN belongs to (by Net Assets): VTI, VOO, SPY, IVV, QQQ.

AMZN has outperformed the market in the last year with a return of +34.4%, while the SPY ETF gained +32.4%. In the last 3 month period, AMZN beat the market returning +11.9%, while SPY returned +7.4%. However, in the most recent 2 weeks AMZN has underperformed the stock market by returning -5.3%, while SPY returned -0.4%.

AMZN support price is $194.55 and resistance is $202.22 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMZN shares will trade within this expected range on the day.