NEW YORK – Shares of Amazon.com Inc. (NASDAQ: AMZN) closed in positive territory on Friday, capping a volatile trading session with a solid gain. The tech and e-commerce giant finished the day at
1.35, or 0.58%.
The positive momentum appeared to continue into after-hours trading, with the stock ticking up an additional 0.052% to $232.91 as of 7:59 pm GMT-4, signaling sustained investor interest after the market close.
The trading day for Amazon was a tale of two halves. The stock opened at $233.35, slightly above the previous close of
234.29** within the first hour of trading. However, this early peak was followed by a pullback that saw the stock dip to its daily low of $232.25.
For the remainder of the afternoon, Amazon’s stock demonstrated resilience, stabilizing and trading in a relatively tight range before closing near the $233 mark. This performance places the stock well within its 52-week range, which spans from a low of $151.61 to a high of $242.52.
With a P/E ratio of 37.97, investors are closely monitoring the tech behemoth’s valuation and performance. As the market digests the day’s activity, traders and analysts will be watching to see if this upward momentum can be sustained in the upcoming sessions.
