Why Amazon Shares Are Rising


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


Amazon.com, Inc. (NASDAQ:AMZN) shares are trading higher by 4.7% at $2,917.75 after the company reported a 20-for-1 stock split and a $10 billion share buyback.

Amazon says, subject to shareholder approval of the stock split, each company shareholder of record at the close of business on May 27, 2022 will have 19 additional shares for every one share held as of such date reflected in their accounts on or about June 3, 2022. Amazon says trading is expected to begin on a split-adjusted basis on June 6, 2022.

Amazon also announced a share buyback of up to $10 billion… Read More

See Also: $223M In Crypto Liquidated As Bitcoin Falls To $39,000

Amazon is a leading online retailer and one of the highest-grossing e-commerce aggregators.

Amazon has a 52-week high of $3,773.08 and a 52-week low of $2,671.45.


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: MoversTrading Ideaswhy it's moving