Amazon.com (AMZN) NewsBite - AMZN Lifted by Upgrade
Posted on May 19, 2008 at 06:02 AM EDT
Amazon.com (AMZN) opened at 79.01. So far today, the stock has hit a low of 78.86 and a high of 79.90. AMZN is now trading at 79.81, up 3.35 (4.24%). The stock hit its 52 week high of 101.09 in October and set its 52 week low of 61.20 in March. AMZN lost some ground at the beginning of this year, but has been stronger recently. Shares of Amazon.com have been soaring in morning trading after a Goldman Sachs analyst upped the stock to "Buy" from "Neutral" and added the company to its conviction buy list, citing strong revenue growth prospects. The broker also lifted his price target to $98 from $75. Tech...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)