AMZN Jul 2023 65.000 call
| Previous close | 56.73 |
| Open | 56.73 |
| Bid | 59.25 |
| Ask | 60.20 |
| Strike | 65.00 |
| Expiry date | 2023-07-21 |
| Day's range | 56.73 - 56.73 |
| Contract range | N/A |
| Volume | |
| Open interest | 1.24k |
Motley FoolIs Amazon Stock a Buy Now?
In its first-quarter earnings announcement last week, Amazon (NASDAQ: AMZN) delivered a better-than-expected revenue number. The stock fell after the report came out, but then it rebounded. As of June 2, it has increased by 45% in 2023.
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Shares of Amazon (NASDAQ: AMZN) stock gained 14% in May, according to data provided by S&P Global Market Intelligence. It's building on the momentum of a public craze about the possibilities of artificial intelligence (AI), as management announced its own generative AI efforts back in March and then debuted several new AI-powered devices in May. Amazon had been losing some steam over the past year as sales growth decelerated in the aftermath of astronomical pandemic growth, and profitability has been pressured as demand slows.
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The e-commerce and tech giant is about to cash in on the investments it made over the past three years.
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Alphabet, Apple, Microsoft, and Amazon are just part of the elite group of companies that have market caps of $1 trillion or more. Their CEOs are paid handsomely, though some are getting pay cuts. Andy Jassy, CEO of Amazon, saw a huge dip in compensation, going from $212 million in 2021 to $1.3 million in 2022. Tim Cook, CEO of Apple, brought in $84 million in 2022, however, he is expected to see a 40 percent drop in 2023. The Yahoo Finance Live team breaks down the numbers.
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Second, customers had less money to spend on Amazon.com and on the company's cloud computing services. As a result, Amazon reported a rare annual loss. As mentioned above, rising inflation has weighed on Amazon.
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Amazon is known for its low prices. But read on to see how you might manage to save even more on select items.
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