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Amazon (AMZN) Share Price, Performance and Outlook 21 Oct, 2014

The share price of Amazon Inc. (AMZN) is in recovery after opening at 309.90 today, having taken a sharp downward turn to 307.07 almost immediately after. Share prices are expected to close today near the 310 mark. The current 52-week stats put Amazon Inc.’s low at 284.38 and high at 408.06.

Several industry analysts encouraged traders to invest in amazon stock following a recent poll on the company’s performance. The buy rating has held steady since early this month.

Amazon has most recently been highlighted for ambitious home delivery plans and its cornering of the e-book market. By selling its digital reader, the Amazon Kindle, at a loss, the company enables itself to cast a wider net and maintain its commanding 67% of all sales in the industry. The company still maintains a 41% share of all new book purchases in both print and digital mediums and 65% of all online book sales.

The company is expected to post Q3 earnings after close this Thursday Oct 23rd. Estimates place the net sales figures at $20.84bn.

 

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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