Fool.com contributor Parkev Tatevosian discusses the factors driving Amazon's (AMZN 2.19%) stock price higher.
*Stock prices used were the afternoon prices of June 19, 2024. The video was published on June 21, 2024.
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Why Is Amazon Stock Price Soaring?
By Parkev Tatevosian, CFA
–
Jun 22, 2024 at 10:05AM
NASDAQ: AMZN
Amazon
Market Cap
$2,015B
Today's Change
(2.19%) $4.24
Current Price
$197.85
Price as of June 27, 2024, 4:00 p.m. ET
Customers have demonstrated a willingness to pay for convenience.
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. 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.
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