Furthermore, the advertising side of the business rose by 18%, posting revenues of $8.76 billion. The downside on the bottom line was filled with impacts that steered the quarter towards a $2 billion loss or -$0.20 EPS. This is due to AMZN’s stake in Rivian Automotive (NASDAQ: RIVN), which included a charge of $3.9 billion.
AMZN chart and analysis
The recent move has moved the support line to $125.51 and the resistance to $139.56. TipRanks analysts have a ‘strong buy’ rating consensus, seeing the average price in the next 12 months reaching $171.67, 40.39% higher than the current trading price of $122.28. Long-term investors can be content with the showing so far in 2022, as it seems that AMZN is going from strength to strength. Buy stocks now with Interactive Brokers – the most advanced investment platform Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
