Company Update: Inc (NASDAQ:AMZN) – Amazon Announces Prime Streaming Music

On Thursday, Inc (NASDAQ:AMZN) added a music streaming service to its list of benefits for those holding an Amazon Prime membership. Prime Music features more than one million songs, with unlimited, ad-free listening at no extra cost to members.

Read more here. Inc. (AMZN), currently valued at $149.97B, began trading this morning at $306.85. The stock has traded in a range of $265-$408.06 over the past year.

Looking at the stock movement, the company’s one day range is $303.84 to $309.50 with the price of the stock fluctuating between $264.21 to $408.06 over the last 52 weeks. The current stock price reflects a increase of 23.39% over the past 52-weeks.

In terms of averages, the stock has a 50-day moving average of $309 and a 200-day moving average of 353.58.

Taking a look at the analyst estimates for the current quarter, 39 firms have weighed in with a median target price of $425 according to First Call. Analysts are estimating a loss of $0.14 for the current quarter. That estimate is based on expected revenue of $19.31B which would indicate a 23% increase in sales.

The most recent analyst updates were from Argus, who upgraded the stock several months after UBS issued a downgrade.



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