What's Going On With Amazon Shares

What's Going On With Amazon Shares

Amazon.com, Inc. AMZN shares are trading higher by 6.05% to $111.50 during Thursday's session amid overall market strength and in anticipation of today's fourth-quarter earnings report. Strong results from Meta Platforms Inc META have lifted other tech stocks as well.

According to analyst consensus estimates, Amazon is expected to report revenue of $145.45 billion on EPS of 17 cents.

What Happened With Meta?

Meta Platforms reported fourth-quarter earnings per share of $1.76, missing a Street estimate of $2.22. The company said earnings per share would have been $1.24 higher without restructuring charges in the fourth quarter.

The company ended the fourth quarter with 2.96 billion daily active...Read More

What Happened With This Week's FOMC Meeting?

Wednesday's 0.25% rate hike brings the target fed funds rate to a new range between 4.5% and 4.75%, the highest levels seen since before the 2008 financial crisis.

The move was in line with average economist expectations and comes in the wake of a downshift from the Fed in December. At its last meeting, the central bank opted for a 0.5% hike, which was preceded by four straight 0.75% rate hikes...Read More

See Also: Federal Reserve Downshifts To 0.25%: Central Bank's Pace Of Interest Rate Hikes Slows With Inflation

AMZN has a 52-week high of $170.83 and a 52-week low of $81.43.

Posted In: EarningsNewswhy it's moving