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Amazon (AMZN) shares are +0.8 % to $178.62, as the retailer surges on analyst expectations that...

Amazon (AMZN) shares are +0.8 % to $178.62, as the retailer surges on analyst expectations that it will take market share this holiday shopping season. Amazon hit an all-time high today of $181.84; its prior 52-week high was $178.38.
Comments (1)
  • Harry Tuttle
    , contributor
    Comments (2221) | Send Message
     
    Yet the price includes (among other stories):

     

    (1) The Kindle selling as much as the iPod (last year's story)
    (2) Barnes & Noble's being "for sale) (summer's story)

     

    Meanwhile the stock trades at a 72 multiple and Bezos himself is a seller.

     

    What gives?

     

    Stocks go up and down because people buy and sell. Analysts are irrelevant at best.

     

    Incidentally, why is this story labeled "Tech?"
    29 Nov 2010, 02:21 PM Reply Like
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