Amazon.com, Inc. AMZN shares are trading higher by $46 at $629.13 in Thursday's session. The issue is rallying in response to better-than-expected Q4 report from the F component of the FANG (Facebook, Amazon, Netflix and Google) of the acronym.
After a higher open, it retreated into the upper-portion of Wednesday's range, reaching $597.55 before continuing higher. So far, it has rallied to $632 before falling back to its current level.
The current high is just above its January 7 high ($630), but still well below its January 6 high of $639.79.
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