Shares of Amazon.com Inc. (AMZN) demonstrated resilience on Thursday, inching up 0.21% to reach $128.40. This positive movement was in the midst of a generally dismal trading session for the stock market, with the S&P 500 Index (SPX) falling 0.85% to 4,278.00 and the Dow Jones Industrial Average (DJIA) declining by 0.75% to 33,414.17.
Breaking a Losing Streak
Thursday’s increase in Amazon.com Inc.’s share price brought an end to a two-day losing streak for the company. Despite the overall market challenges, this upward momentum is worth noting.
Approaching 52-Week High
Although Amazon.com Inc.’s share price closed $17.46 lower than its 52-week high of $145.86 achieved on September 14th, it is worth mentioning that the company remains within range of this impressive milestone.
Varied Performance Compared to Competitors
In comparison to some of its competitors, Amazon.com Inc.’s stock performance on Thursday was mixed. Apple Inc. (AAPL) experienced a decline of 0.22% to reach $175.46, while Microsoft Corp. (MSFT) enjoyed a 0.37% increase to reach $331.32. Alphabet Inc. Cl C (GOOG) faced a slight decrease of 0.22%, closing at $138.98.
Trading Volume Exceeds Average
The trading volume for Amazon.com Inc. reached 59.6 million shares on Thursday, surpassing its 50-day average volume of 49.2 million shares. This elevated activity suggests heightened investor interest in the company.
