Previous Close | 47.65 |
Open | 47.65 |
Bid | 51.05 |
Ask | 51.40 |
Strike | 230.00 |
Expire Date | 2025-09-19 |
Day's Range | 47.65 - 47.65 |
Contract Range | N/A |
Volume | |
Open Interest | 295 |
Amazon (AMZN) has been downgraded to Equal Weight from Overweight at Wells Fargo. The firm argues that the strength in Amazon's cloud business is "not enough" to overcome headwinds and increasing competition from Walmart (WMT). Morning Brief anchors Seana Smith and Brad Smith discuss the call in the video above. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.
Amazon stock fell in Monday morning trading after the tech behemoth got a rare downgrade from an analyst, citing headwinds for margin growth.
(Bloomberg) -- Amazon.com Inc. shares fell in premarket trading on Monday, following a rare analyst downgrade that cited concerns over margin trends into next year, which growth in the cloud computing business is unlikely to compensate for.Most Read from BloombergSingapore Ends 181 Years of Horse Racing to Make Way for HomesUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsWhat Do US Vehicle Regulators Have Agains