"Shares of Amazon.com Inc. (NASDAQ:AMZN) lost 0.15% over the past five trading sessions after losing 1.42% the five prior. The stock continues to struggle in the aftermath of tech's early August sell-off that saw AMZN fall by nearly 10% in one day, and more recently, the Friday, Oct. 10 sell-off that sent the stock down by nearly 5%. The e-commerce and cloud storage solutions giant finds itself in the red this year with a year-to-date loss of 0.01%."
"When Amazon released its Q2 earnings on July 31, it reported that net sales increased 13% to $167.7 billion in the second quarter, compared with $148.0 billion in the year-prior quarter. Net income increased to $18.2 billion, or $1.68 per diluted share, compared with $13.5 billion, or $1.26 per diluted share, in Q2 2024. However, free cash flow decreased to $18.2 billion TTM, compared with $53.0 billion TTM the year prior due to Amazon's ongoing CapEx on AI."
"On July 8, it was reported that Amazon founder Jeff Bezos sold nearly 3 million shares worth $665.8 million over two days in July as part of a plan announced earlier in 2025 that will see Bezos unload up to 25 million shares through May 2026. In other company news, the firm announced in July that it deployed its 1 millionth robot while also deploying its new AI foundation model to power its robotic fleet."
Amazon's shares weakened after major tech-sector sell-offs in early August and on Oct. 10, producing a slight year-to-date loss despite a 17.42% one-year gain. The company plans same-day grocery delivery and has deployed its 1 millionth robot while rolling out an AI foundation model to power its robotic fleet. Founder Jeff Bezos sold nearly 3 million shares in July under a plan to sell up to 25 million shares through May 2026. Q2 net sales rose 13% to $167.7 billion and net income increased to $18.2 billion, but trailing twelve-month free cash flow fell to $18.2 billion due to elevated AI-related capital expenditures. Analysts issued multiple adjusted price targets.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]