TopStockPlays.com brings you the most vibrant coverage of these AMZN, STM and OSTK
Pompano Beach, FL -- (SBWIRE) -- 12/26/2012 -- Amazon.com, Inc. (NASDAQ:AMZN) is looking to take on Google Inc (NASDAQ:GOOG) because both of these entities are fighting out a battle for market dominance in cyber space in terms of digital advertisements and search engines.
Is AMZN a Solid Investment at These Levels? Read This Report For Details
However, AMZN and GOOG are currently running few notable joint ventures but they are supposed to be discarded by the initial stage of 2013 due intensifying rivalry among the two companies in coming days.
Furthermore, analysts are of the view that all of the digital product selling companies will plunge into the war of acquiring digital ads contracts from other organizations as many as possible thus looking to cannibalize their fellow companies in the process.
But, this objective will cause other players in the industry to retaliate towards the situation therefore, cause a further aggravation of competition in the industry. Additionally, pertaining to these facts we could foresee a massive warcoming that will centre itself on “Technology”.
The price of Amazon.com, Inc. (NASDAQ:AMZN) moved up 0.66% and finished the day at $258.62 on below average volume. The day started out with a higher opening price of $257.30 versus prior close of $256.92. The total number of shares traded on the latest trading day was about 986435 shares, and changed hands at average prices of $256.96 to $259.50 apiece. The shares advanced about 49.40% since the start of 2012 and has a 0.45% gain in last three months. Narrowing down the performance period, the stock rose 7.81% for the month and a 1.88% gain over the week.
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With the latest fall of -2.65%, Stamps.com Inc. (NASDAQ:STMP) now has YTD performance -2.91% which for the week is positive at 0.55%. The company will report higher sales for the Quarter ending Dec-12, according to 4analysts polled by Reuters. On average, they believe sales will arrive at $31.37 million from $29.54 million posted in the same quarter last year. The average sales forecast of 4analysts for the full-year is $116.96 million, up as compared to $111.72 million annual sales a year ago.
Why Should Investors Buy STMP After the Recent Fall? Just Go Here and Find Out
As of latest close, Overstock.com, Inc. (NASDAQ:OSTK) shares are up about 77.93% for 2012 and recently topped out a 52-week high of $16.00 (Nov 06, 2012). Since then, it has retreated 12.81% but stands 180.68% above 52-week low. The shares advanced above the 200-Day SMA ($10.36) and are now sitting 0.55% above 50-day SMA. The performance measured for the month was -4.45% and weekly performance appeared at -1.55%.
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