Amazon's respite before reporting

29 june 2022 43
Elena_Baklanova
Elena_Baklanova

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It is believed that the split of shares leads to an increase in their value, as at a lower cost they become available to more investors.

 

Amazon shares, by contrast, began to decline after the split on June 6, when the price of one share fell 20 times.

Apparently, investors are still under the impression of the company's latest quarterly report, when earnings per share turned negative and revenue fell short of forecasts.

 

It became obvious that the lateral movement of early May continues.

And, probably, it will last until the company's new report, expected on July 28.

Elena_Baklanova
Elena_Baklanova

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
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