The Seattle-based Amazon.com, Inc (NASDAQ:AMZN) moved up to the record high in 3 months as investors expect that investments in its distribution network will pay off by the holiday season.
Shares of Amazon, the biggest Internet retailer, moved up 7.9% to settle at $237.32 in New York and marked the major one day boost since April 27. Company’s stock has surged 37% current year.
CEO of Amazon Jeff Bezos has opened six fulfillment centers and aims to add 12 additional in 2012 to boost online-purchase deliveries and lower shipping costs, assisting Amazon siphon shoppers from physical stores.
The corporation also boosted investment in technology, like its Kindle reader.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. eBay Inc (NASDAQ:EBAY) rose +3.25% to settle at 45.22, Overstock.com, Inc (NASDAQ:OSTK) moved up +2.24% to end at $7.75 while PC Mall, Inc (NASDAQ:MALL) increased +1.08% to finish on Friday at $5.80.
Amazon.com, Inc (NASDAQ:AMZN) last session volume of 11.32 million shares was surprisingly higher than its average volume of 3.16 million shares. The stock after opening at $225.25 hit high price of $238.45 and then closed at $237.32 by scoring +7.87%.
The liquidity measure in recent quarter results of the company was recorded 1.16 as current ratio and on the other side the debt to equity ratio was 0.00 and long-term debt to equity ratio also remained 0.00. The Company had total cash at hand $4.97 billion and a book value per share as $16.16 in the most recent quarter.
The stock price volatility was 3.38% for a week and 2.41% for a month as well as price volatility’s Average True Range for 14 days was 6.27 and its beta remained 0.92.
AMZN generated revenue of 51.41 billion in the following twelve months and earned $561.00 million. The Company showed a positive +0.91% in the net profit margin and as well as in its operating margin which remained 1.42%. Company’s annual sales growth for the past five years was +35.03%.
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