Why Amazon Is Seeing Really High Interest From Retail Investors Today

Benzinga2022-03-10

Amazon.com Inc. (NASDAQ: AMZN) has emerged among the most-discussed stocks on Reddit’s r/WallStreetBets forum as of early Thursday.

What Happened: Amazon is seeing the second-highest interest on the forum behind exchange-traded fund SPDR S&P 500 ETF Trust (NYSE: SPY) with 200 mentions at press time, data from Quiver Quantitative showed.

The stock is also the top trending ticker on Stocktwits.

Why It Matters:Amazon on Wednesday announced a 20-for-one stock split on its common shares and said its board authorized a share buyback of up to $10 billion.

The company's stock split comes after similar moves by other large companies like Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL), Apple Inc (NASDAQ: AAPL) and Tesla Inc. (NASDAQ: TSLA).

The stock split could lead to Amazon’s inclusion in the Dow Jones Industrial Average Index.

Meanwhile, a U.S. congressional committee has urged the Justice Department to investigate Amazon for potential criminal obstruction of Congress, it was reported Wednesday, citing the Wall Street Journal.

Price Action:Amazon shares closed 2.4% higher in Wednesday’s regular trading session at $2,785.58 and further rose 6.6% in the after-hours session to $2,970.00.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Cam20
2022-03-10
Cam20
[Cool] [Cool] [Cool] [Cool] [Cool]
FlorCheah
2022-03-10
FlorCheah
AMZN
krng
2022-03-10
krng
.

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(NASDAQ: AMZN) has emerged among the most-discussed stocks on Reddit’s <b>r/WallStreetBets</b> forum as of early Thursday.</p><p><img src=\"https://static.tigerbbs.com/93db49509bf3709772f830d6c6f5c13d\" tg-width=\"685\" tg-height=\"375\" width=\"100%\" height=\"auto\"/></p><p><b>What Happened:</b> Amazon is seeing the second-highest interest on the forum behind exchange-traded fund <b>SPDR S&amp;P 500 ETF Trust</b> (NYSE: SPY) with 200 mentions at press time, data from Quiver Quantitative showed.</p><p>The stock is also the top trending ticker on <b>Stocktwits.</b></p><p><b>Why It Matters:</b>Amazon on Wednesday announced a 20-for-one stock split on its common shares and said its board authorized a share buyback of up to $10 billion.</p><p>The company&#39;s stock split comes after similar moves by other large companies like <b>Alphabet Inc.</b> (NASDAQ: GOOG) (NASDAQ: GOOGL), <b>Apple Inc</b> (NASDAQ: AAPL) and <b>Tesla Inc.</b> (NASDAQ: TSLA).</p><p>The stock split could lead to Amazon’s inclusion in the Dow Jones Industrial Average Index.</p><p>Meanwhile, a U.S. congressional committee has urged the Justice Department to investigate Amazon for potential criminal obstruction of Congress, it was reported Wednesday, citing the Wall Street Journal.</p><p><b>Price Action:</b>Amazon shares closed 2.4% higher in Wednesday’s regular trading session at $2,785.58 and further rose 6.6% in the after-hours session to $2,970.00.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Amazon Is Seeing Really High Interest From Retail Investors Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Amazon Is Seeing Really High Interest From Retail Investors Today\n</h2>\n\n<h4 class=\"meta\">\n\n2022-03-10 16:33 北京时间&nbsp;&nbsp;&nbsp;<strong>Benzinga</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon.com Inc. 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