The AMZN stock price fluctuated between $3586.15 and $3698.5 throughout the trading session with the volume trading being 4M shares, which represented a positive variation when compared to the three months average volume of 4M shares.
The share price of Amazon.com, Inc. (NasdaqGS:AMZN) dipped -1.98% to close Tuesday’s market session at $3626.39, lower as compared to yesterday’s close which brings the market valuation of the company to $1.83T.
The 52-week high for the Amazon.com, Inc.’s shares is $3,773.08. This is the highest price the AMZN shares have gotten with a great gain since the share price dropped to a 52-week low of $2,871.00.
What does the trading volume tell us about the AMZN stock?
During the last trading session, Amazon.com, Inc. (NasdaqGS:AMZN) has seen growth in its daily volume. The daily volume was of 4M, while in the last 10 days the average was 2.99M and last three months – 3.59M.
The increasing interest in the AMZN stock from the investors is helping to drive the stock price up.
Growing short interest
The Amazon.com, Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 4.83M shares being shorted which translates into 1.77 of a short ratio for AMZN, while in the previous month the shorted shares were 4.81M.
Amazon.com, Inc. (NasdaqGS:AMZN) financials
With a market cap of 1.83T, Amazon.com, Inc. holds a total cash of $73.27B that translates into $145.28 per share, while the total debt is of $101.52B.
The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 43.80%. The current revenue is of $419.13B that is $835.75 per share.
This is an exceptional sign for a bright future.