NEW YORK, USA – Shares of e-commerce and technology behemoth Amazon.com Inc (NASDAQ: AMZN) are experiencing a significant rally during Monday’s trading session, showcasing strong investor confidence as the market moves past midday.
As of 12:03 PM Eastern Time (GMT-4) on April 22nd, Amazon stock was trading notably higher at
6.46 per share, translating to a 3.86% increase for the day so far.
The positive momentum was evident early on. AMZN opened trading at $169.84, already above the previous closing price of $167.32. Throughout the morning, the stock carved a steady upward path, as illustrated by the intraday chart. It reached a session high of $174.27 and briefly touched a low of $169.35 before climbing back towards its peak levels.
This current price action places Amazon well within its 52-week range, which spans from a low of $151.61 to a high of $242.52, highlighting the stock’s significant movement over the past year. Key financial metrics displayed include a Price-to-Earnings (P/E) ratio of 31.45. Amazon currently does not offer a dividend yield to its shareholders.
Investors and market analysts are closely tracking AMZN’s performance on the NASDAQ as the trading day progresses into the afternoon, with the stock demonstrating considerable strength.
