Previous close | 8.28 |
Open | 8.00 |
Bid | 6.50 |
Ask | 11.50 |
Strike | 145.00 |
Expiry date | 2025-06-20 |
Day's range | 7.84 - 8.36 |
Contract range | N/A |
Volume | |
Open interest | 2.33k |
Amazon (AMZN) stock rose in extended-hours trading after its first-quarter earnings topped Wall Street estimates. CFRA Research Senior Equity Research Analyst Arun Sundaram credits the success to innovations in Amazon's e-commerce division driving improved retail margins, as well as AWS's position as a powerhouse among other cloud computing competitors. He also highlights the company's artificial intelligence initiatives, telling Julie Hyman and Josh Lipton that Amazon has a "very compelling stack of generative AI products and services" that are being reflected in its stock prices. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Melanie Riehl
Amazon reported first quarter earnings results on Tuesday.
E-commerce titan Amazon on Tuesday said profit in the first three months of 2024 tripled as its cloud, ads, and retail businesses thrived."While the core e-commerce business is no longer the biggest growth driver, it remains an essential component of the Amazon flywheel, particularly in propelling its ad business," Droesch said.