Amazon.com Inc. (AMZN) – Ticker is pulling back from intraday highs. Pullback attributed to CNBC’s David Faber refuting rumors Carl Icahn has stake in the company.
Amazon shares are trading at unusually high volume Wednesday with 8.4 million shares changing hands. It is currently at 2x its average daily volume and trading up 2.62% at $297. On valuation measures, ticker has a PEG and forward P/E ratio of -16.72 and 382.49, respectively. Price/Sales for the same period is 1.57 while EPS is ($0.47). Currently there are 24 analysts that rate AMZN a ‘Buy’, 18 rate it a ‘Hold’. No analyst rates it a ‘Sell’. AMZN has a median Wall Street price target of $350.00 with a high target of $450.00.
In the past 52 weeks, shares of the e-commerce giant have traded between a low of $284.00 and a high of $408.06. Shares are down 27.57% year-over-year, and 6.74% year-to-date. Day’s range: $287.31 – $306.