- Shares of Amazon slumped as much as 1.27% in trading Thursday as Wall Street braces for the e-commerce giant's holiday quarter earnings report.
- Analysts polled by Bloomberg expect Amazon to report fourth quarter earnings of $1.83 per share on revenues of $59.836 billion.
- Since its last earnings report in October, Amazon has added more than 30% to its stock price, increasing its market value by $206 billion.
- Ahead of earnings, millennial investors on the trading apps Robinhood and Stockpile were far more bullish than their older peers . On StockTwits, where users discuss stocks to the tune of 200,000 messages per day, post volume for AMZN has more than doubled.
- Wall Street analysts, on the other hand, are markedly more bearish. The average price target for shares of Amazon is just $1,403, according to Bloomberg, 2% below where the stock was trading Thursday afternoon.
- You can track Amazon's stock price in real-time on Markets Insider here>>
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