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What's Going on With Amazon Stock?

Amazon management disclosed key figures that changed the direction of Amazon stock.

By Parkev Tatevosian, CFA – May 3, 2023 at 8:00AM EST

Amazon (AMZN +1.79%) reported first-quarter 2023 financial results in late April that moved the stock. Fool.com contributor and finance professor Parkev Tatevosian elaborates on why Amazon's stock price was volatile after earnings.

*Stock prices used were the afternoon prices of April 30, 2023. The video was published on May. 2, 2023.


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About the Author

Parkev Tatevosian, CFA
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
TMFParkev
X@TMFParkev

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon.com. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Amazon Stock Quote
Amazon
NASDAQ: AMZN
$252.73
(+1.79%)+$4.45

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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