Question

In: Finance

analyses and explain amazon stock price in June date close volume open high low change in...

analyses and explain amazon stock price in June

date

close

volume

open

high

low

change in price

6/3/19

1692.69

9098708

1760.01

1766.29

1672

6/4/19

1729.56

5679121

1699.24

1730.82

1680.89

36.87

6/5/19

1738.5

4239782

1749.6

1752

1715.2514

8.94

6/6/19

1754.36

3689272

1737.71

1760

1726.13

15.86

6/7/19

1804.03

4808246

1763.7

1806.2538

1759.49

49.67

6/10/19

1860.63

5371007

1822

1884.87

1818

56.60

6/11/19

1863.7

4042694

1883.25

1893.7

1858

3.07

6/12/19

1855.32

2678335

1853.98

1865

1844.38

-8.38

6/13/19

1870.3

2795810

1866.72

1883.09

1862.22

14.98

6/14/19

1869.67

2851163

1864

1876

1859

-0.63

6/17/19

1886.03

2634342

1876.5

1895.688

1875.45

16.36

6/18/19

1901.37

3895728

1901.35

1921.67

1899.79

15.34

6/19/19

1908.79

2895347

1907.84

1919.5807

1892.47

7.42

6/20/19

1918.19

3217153

1933.33

1935.2

1905.8

9.40

6/21/19

1911.3

3933576

1916.1

1925.95

1907.58

-6.89

6/24/19

1913.9

2282969

1912.66

1916.86

1901.3

2.60

6/25/19

1878.27

3012347

1911.84

1916.385

1872.42

-35.63

6/26/19

1897.83

2441910

1892.48

1903.8

1887.32

19.56

6/27/19

1904.28

2141721

1902

1911.24

1898.04

6.45

6/28/19

1893.63

3037358

1909.1

1912.94

1884

-10.65

Solutions

Expert Solution

Opening price for June month = $ 1760.01

Closing price for June = $ 1893.63

Highest price for June = $ 1935.2

Lowest price for June = $ 1672

highest inter day increase in price for June = $ 56.60

Highest inter-day decrease in price for June = $ 35.63

% Change in price for June = ( 1893.63 - 1760.01 ) / 1760.01 = 7.59 %

It was announced on June 1 that anti-trust investigations will be conducted by Federal Trade Commission (FTC) against Amazon and other tech companies. This news impacted the stock price of Amazon on the first day of June and the stock price fell by $ 67.32 to $ 1692.69.

In the subsequent days of the june, the financial analysts assured the investors about the near term sales prospects of the company. Also there was some degree of doubt whether Amazon will actually face scrutiny from regulators and if so, then what will be the extent of regulations.

This resulted in stock price appreciating in june 2019.


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