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Forget margin or options. Here's how the pros trade AMZNSpence Asset Management, managed by Eric Walton, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund reduced its position by 6,839 shares.
Spark’s Take on AMZN Stock
According to Spark, TipRanks’ AI Analyst, AMZN is a Outperform.
AMZN scores well on improving profitability/scale and supportive earnings-call fundamentals (re-accelerating AWS, strong backlog, ads strength), which are the biggest positives. The score is held back by volatile free cash flow amid heavy reinvestment, technically overbought conditions that add near-term risk, and a premium valuation (P/E ~31.7) that reduces margin for error.
To see Spark’s full report on AMZN stock, click here.
More about Amazon.Com, Inc.
YTD Price Performance: 7.88%
Average Trading Volume: 51,681,314
Current Market Cap: $2575.2B