Amazon.com, Inc. (NASDAQ:AMZN) stock is witnessing a sudden buying interest in the afternoon session after a tweet from FBN’s Charlie Gasparino that some traders are speculating a stock split will be included with earnings Thursday.
Just after the tweet, AMZN stock jumped as much as $50 and now trading at $3394, higher by 1.57%.
The tweet says: BREAKING: “Traders says an @amazon stock split is likely in 2021 possibly as early as Thursday when co reports earnings catapulting @JeffBezos significantly ahead of @elonmusk as the world’s richest person as move would allow $AMZN to join the Dow more now @FoxBusiness”
Amazon is all set to report itst first-quarter earnings on Thursday, April 29 after the market close.
Analysts on Wall Street are estimating the company to report revenue of $104.36 billion and EPS of $9.45, an increase of 38.3% and 88.6%, respectively, year over year. The revenue estimate is slightly higher than the midpoint of management’s guidance.
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Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life