Amazon (AMZN) shows strong momentum, with a 9.21% increase in shares

From Nasdaq: 2024-12-10 12:00:11

Momentum investing involves following a stock’s trend, buying high and selling higher. The Zacks Momentum Style Score helps identify trends for investors. Amazon (AMZN) currently holds a Momentum Style Score of B, with a Zacks Rank of #2 (Buy). Short-term price activity and industry comparisons show promise for AMZN’s momentum.

AMZN has shown a 9.21% increase in shares over the past week, outperforming the Internet – Commerce industry. Long-term metrics reveal even stronger performance, with a 22.28% increase in the past quarter and a 54.97% gain in the last year. Additionally, positive estimate revisions for earnings contribute to AMZN’s momentum.

Considering all factors, it’s no surprise that AMZN is a #2 (Buy) stock with a Momentum Score of B. Investors looking for a rising stock should keep Amazon on their radar for potential short-term gains. Zacks is naming the top 10 stocks for 2025, with an impressive track record of outperformance in past years. Don’t miss out on these top picks for the upcoming year.



Read more at Nasdaq: Amazon (AMZN) Is Up 9.21% in One Week: What You Should Know