Past Thursday Amazon published their earning season report. The report turned to be worse than analysts expected, that is why company’s stocks crashed on Friday by making a loss – 3 billion dollars. Based on the earnings report, Amazon’s profit increased by 29%, but the whole results were worse than for the previous quarter. Published news negatively reflected on company’s stock price.
For the past 24 hours, Amazon stocks decreased by 5,3%. This is a negative trend, that will last for some time. This is a great chance for traders to make profitable deals. Trading will be available during American session, from 14:40 to 21:00 GMT.
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