News

Amazon Stock Sees Significant Upside Gap in Q2 Results

1 Mins read

Ecommerce giant Amazon.com Inc.’s stock experienced a remarkable surge on Friday following the release of its second-quarter results. This surge, indicated by a 9.4% upside gap in the stock chart, signifies the most significant surprise in Amazon news in over nine months. For context, this is the largest gap since October 2022, when the stock plummeted by 11.8% due to a disappointing holiday-season sales and profit outlook.

Examining just the positive gaps, Friday’s increase is the most substantial since July 2022, where the stock saw a 10.3% rise after the release of second-quarter results. While the stock has slightly dropped from its opening price, it remains on an upward trajectory and is currently up 9.2%, inching closer to achieving its highest closing price since August 2022.

Notably, on October 28, 2022, the stock closed significantly lower than its opening price, down 6.8% at $103.41. Conversely, on July 29, 2022, the stock closed slightly higher than its opening price, with a gain of 10.4% to $134.95.

In light of these recent developments, it is evident that Amazon’s second-quarter results have sparked considerable investor interest and enthusiasm in the market.

Related posts
News

Bitcoin Hits Record $113K as $575M in Shorts Get Liquidated - TokenPost

1 Mins read
Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, soared to a new all-time high of $113,541 on the Bitstamp exchange at…
News

Govt enacts law to regulate VAs, plans pilot for digital currency - Daily Times

2 Mins read
The Virtual Assets Act, 2025 creates the Pakistan Virtual Asset Regulatory Authority (PVARA), a new autonomous regulator to supervise the virtual asset…
News

Funeral home owner accused of stashing decaying bodies expected to plead guilty in federal court

1 Mins read
DENVER – A funeral home owner in Colorado accused of storing nearly 190 decomposing bodies in a room-temperature building and defrauding the…

Leave a Reply

Your email address will not be published. Required fields are marked *