It’s Prime Day: What Wall Street Thinks Of Amazon Stock


Amazon’s Prime Day is finally here. The 48 hours of sales that is perhaps more important for the e-commerce giant than Black Friday weekend has been good for Amazon stock (AMZN). Share price has risen a solid 8% since the start of June, easily beating the S&P 500’s 1% loss..

A couple of sell-side experts have published recently on Prime Day. Telsey’s Joseph Feldman sees event sales rising by as much as 16% year-over-year, likely lagging the overall pace of e-commerce revenue growth due to the tough pandemic comps (Prime Day 2020 also happened closer to the holiday season).

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