The stock was already down a lot in the last few days. Investors just had a moment of relief to learn that the reality was not as bad as they imagined.
Sales up 9%, AWS is going strong, and Prime's price is going up.
>Prime's price is going up.
and it is seen as sticky enough to not lose tons of subscribers.
I mean it is merely 6 months of Netflix for you.
To me it is like a steal
The numbers were pretty bad, big miss on revenue and guidance below analyst expectations. It seems the market was pricing in even worse numbers, given the terrible stock performance over the last quarter and last 18 months. It's really only up 6-7% over yesterday's close after taking out today's fear drop related to the abysmal FB report yesterday. After FB's most disastrous ER in modern history for a megacap, just about anything looks better in comparison.
I dont understand either. I guess it was already oversold for days before that which means this is a dead cat bounce or traders taking their profits
Algos trading purely on the EPS beat due to Rivian?
Because Amazon’s expectations are just one part of the system. If they exceeded your expectations you may be bullish today.