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Amazon's Trading Volume Drops to Second Place Despite Stock Price Rise
Generated by AI AgentAinvest Volume Radar
Monday, Jun 2, 2025 8:00 pm ET1min read
On June 2, 2025, Amazon's trading volume reached $59.66 billion, marking a 43.56% decrease from the previous day. Despite this, Amazon's stock price rose by 0.80%.
BofA Securities has increased its price target for
stock to $248 from $230, while maintaining a 'Buy' rating. This adjustment comes as analysts recognize the company's significant advancements in automation, with over 750,000 robots now assisting with 75% of customer orders.Multiple analysts have revised their price targets for Amazon, with an average target of $240.04. The highest estimate stands at $305.00, reflecting a bullish outlook on the company's future performance.
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