Amazon.com (AMZN) received a gift on its Prime Day sales event Wednesday in the form of a stock price hike from investment bank Nomura. Nomura analyst Robert Drbul raised his price on Amazon stock to 500 from 490. Amazon stock fell 0.9% to 461.19 on the stock market today . Amazon stock is up 49% this year, however, and hit an all-time high of 469.60 on Tuesday. Amazon stock carries a high IBD Relative Strength Rating of 94. “We believe that
E-commerce leader Amazon.com (AMZN) now has 44 million U.S. subscribers to its Amazon Prime program, up 57% vs. a year ago, according to a new estimate by Consumer Intelligence Research Partners. In June 2014, Amazon Prime had 28 million subscribers. Prime costs $99 a year and offers such benefits as free two-day shipping on millions of items, as well as streaming video and music services. In a report released Wednesday, CIRP estimates that 47% of
Having poured billions of dollars into its Prime membership business, Amazon.com (AMZN) on Wednesday is holding a one-day sales event that is more about its competitors than its customers. Called Prime Day, Amazon says the global shopping event will offer more product discounts than Black Friday, regarded as the beginning of the holiday shopping season. But there is a catch: To get in on the Prime Day goodies, shoppers need to be Amazon Prime