Will Amazon Stock Take A Hit From The Weinstein Stories — Especially Now That It Is Above $1,000 Again.
From what I can deduce, AMZN crossed the $1,000 mark, for the first time in weeks, on Thursday, October 12, 2017, before these stories gained much currency.
Now the question and concern is whether these and others like it will take a toll on the stock price.
To be fair, Amazon, and Jeff Bezos, tend to be Teflon-coated. Plus we are coming up to Amazon’s third quarter earnings report — believed to be on October 26, 2017. Basically 2 weeks from now. Customarily the stock will climb, as much as $40 to $100, leading up to earnings. Then the fun begins.
So, the desire to get into AMZN prior to earnings may override any negatives from these stories.
Just giving you a heads up.
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