Amazon Rose 4% Today, Why Was It?

Amazon (NASDAQ:AMZN) surprised investors today with an increase in value that came out of nowhere. At the start of it, Monday the 31st saw the stock going up by 4.4%. By the end of the trading day, said figures had shifted to a more discreet 3.9%.

Why did this happen?

A Little Influence From the Outside Doesn’t Hurt

January was a rough month for the stock market. But that is not to say that the market itself doesn’t fight back. 

In an apparent attempt to rebound, both the S&P 500 and the Nasdaq Composite increased in value. Respectively speaking, they increased by 1.9% and 3.4%. Given that Amazon is influenced by both of them, it seems that this increase took place because of that.

However, there’s a little more you should know. Amazon is to release its following earnings report soon enough. Another possible explanation is that investors are getting prepared for its release. How? By buying some stocks beforehand, of course!

Assuming that there’s good news to be seen, this sort of move might play out decently, especially when you account for the fact that Amazon stock has been relatively low for a while now.

Having said all that, analysts currently expect Amazon’s revenue to increase by 9.6% once the financial year comes to a close.