FBR Starts Amazon.com (AMZN) at Market Perform
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Friedman Billing & Ramsey initiates coverage on Amazon.com (Nasdaq: AMZN) with a Market Perform rating.
Despite the Nasdaq index being down more than 4% this morning, shares of Amazon.com are down just $0.40, or 0.94%, to $42.31. The stock may be seeing only marginal downside today as comScore (Nasdaq: SCOR) data issued earlier suggested that Black Friday spending was better-than-anticipated.
Notably, since setting a new 52-week low at $34.68 on November 20, shares of Amazon.com have rebounded more than 20% in less than two weeks.
Amazon.com, Inc. operates retail Web sites, as well as provides programs that enable third parties to sell their products on its Web sites in North America and internationally.
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