Amazon (AMZN) Stock Dropped 11% From July’s ATH

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During the last session 3M of Amazon.com, Inc.’s (NasdaqGS:AMZN) shares were traded. The stock closed at $3478.05 per share indicating that it gained $14.93 or 0.43% during that day which brings the Amazon.com, Inc.’s valuation to $1.76T.

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 3M, while in the last 10 days the average was 2.9M and last three months – 3.33M.


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 5.09M shares being shorted which translates into 1.5 of a short ratio for AMZN, while in the previous month the shorted shares were 3.93M.

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Amazon.com, Inc. (NasdaqGS:AMZN)’s financials

With a market cap of 1.76T, Amazon.com, Inc. holds a total cash of $89.89B that translates into $177.5 per share, while the total debt is of $123.25B.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 27.20%. The current revenue is of $443.3B that is $881.31 per share.


This is a great sign for a bright future.