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Amazon Stock Had A Good Day In The Market

Amazon Today’s article discusses Amazon stock’s good day. Here’s what they had to say about the performance and reason why it was good but not great, “…Citigroup analyst Mark May turned bullish on the Internet retailing giant, citing favorable valuation and the belief that gross margins have bottomed. The stock AMZN, +0.09% ran up 3% in midday trade, the most since it climbed 3.6% on Nov. 14. May upgraded Amazon’s stock to a buy rating after being at neutral for the past six months. He also raised his price target on the stock to $354, which is 18% above current levels, from $325.” To read more, CLICK HERE.