Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Amazon Stock Bumped Higher on Monday

TheMotleyFool

0 0

Why Amazon Stock Bumped Higher on MondayPhoto, wide shot, wide-angle lens, Grocery store, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/9a6c3fc6-53ff-4c6e-848b-263660ac3eb0.png

Amazon (NASDAQ: AMZN) stock began the trading week with a pleasant pop. On Monday, several factors combined to drive the massive online retailer's share price 1.4% higher, topping the more or less flat performance of the S&P 500 index on the day.

Price target boosts from analysts typically provide short-term lifts to stocks, and Amazon received one on Monday.

It came from UBS prognosticator Lloyd Walmsley, who added $5 to his fair value estimation for a new figure of $180 per share. His move was driven in part by Amazon's announcement last month that it will begin inserting commercials into content delivered through its Prime Video streaming service.

Source Fool.com

Like: 0

AMZN

Share