Amazon Created A Bull Trap After Bezos Unloaded Shares: What s Next?
Amazon.com Inc (NASDAQ:AMZN) created a bull trap on its first-quarter 2021 earnings report and double-topped at its all-time high of about $3,552.
On Wednesday, filings with the U.S. Security and Exchange Commission revealed Amazon CEO Jeff Bezos had taken advantage of his company’s all-time high run and sold $2.5 billion worth of shares.
Investors often dislike hearing company insiders are unloading their positions and although Bezos plans to use his proceeds to fund, his space flight services company Blue Origin, the sale accounts for a fair share of the reason Amazon lost over 7% of its value this week.
By
Apr 30, 2021
(G)I-DLE has returned with a new song, Last Dance, which has already dominated multiple iTunes charts in different countries, as well as domestic charts.
(G)I-DLE Drops New Single Last Dance with UNIVERSE
On April 29, CUBE Entertainment s girl group released a new track via the K-pop platform UNIVERSE and on various music sites. Titled Last Dance, the song has a dark witch concept and was produced by GroovyRoom with (G)I-DLE member Soyeon taking part in creating the melody. Soyeon also penned the rap lyrics for the single, and singer-songwriter Kriz co-wrote the lyrics.
(Photo : (G)I-DLE Twitter)
Apple Inc (NASDAQ:AAPL) and
Netflix Inc (NASDAQ:NFLX) have been lagging their FAANG counterparts.
After retracing 18%, 21% and 17%, respectively, from all-time highs, none of the stocks has made a run at an all-time high, as is the case with
Facebook Inc (NASDAQ:FB) and
Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL).
This could change, however, as the Nasdaq 100 has had a bullish seven trading sessions and looks to be working its way back toward the all-time high of 13,909.80 it made on Feb. 16.
The Amazon Chart: On Thursday, Amazon broke above the bullish descending channel it had been trading in since Sept. 2, 2020.
Year’s End: An already exceptionally busy year for nonfiction propelled in part by political titles gets even hotter as US adult nonfiction print sales move 257 million units through November.
Image – iStockphoto: Svetlanais
‘Bolstered by Excitement Around the Election’
In a year that’s been a standout for political nonfiction in the United States market, the first volume (of two) of Barack Obama’s new memoir
A Promised Land from Penguin Random House sold more than 835,000 print copies in its first week, according to NPD BookScan figures on print sales.
Penguin Random House’s figure in all formats for the first week, in fact, is 1,710.443 copies in the States and Canada–setting a new record for PRH first-week sales.