One of the most common questions traders have about stocks is “Why Is It Moving?”
That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why that stock is moving.
Amazon.com, Inc. (NASDAQ: AMZN) is preparing for its sixth annual Prime Day sales event that offers Amazon Prime members big discounts across nearly all categories on the e-commerce site.
Benzinga has examined the prospects for many investor favorite stocks over the past week.
The past week's bullish calls included the e-commerce leader, a top biotech and the airlines.
After a few quarters of sales growth significantly outpacing inventory additions, the two were closer to parity at retailers specializing in general merchandise and household goods during the fiscal first quarter, which concluded at the end of April. While stock levels are beginning to improve, it appears it may take retailers a while to rebuild positions to normal historical levels.