Amazon (AMZN) Stock Drops Despite Market Gains: Important Facts to Note

From “NASDAQ”:

Amazon (AMZN) closed at trading day at $153.34, indicating a -0.05% change and witnessed a gain of 4.34% over the previous month. The upcoming earnings release of Amazon will be of great interest to investors. Analyst forecasts for Amazon indicate a favorable outlook, and recent estimates have been upward. Amazon is currently a Zacks Rank #1 (Strong Buy), and the Retail-Wholesale sector has an average PEG ratio of 0.63, making Amazon’s PEG ratio of 2 a point of note. Lastly, Amazon is trading at a Forward P/E ratio of 57.04, which is a premium to the group.



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