Amazon’s (AMZN) Cloud Service Finally Attached with Apple

  on Jun 12,2012 Posted in Business News ,Finance
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Launched more than a year ago, Amazon’s (NASDAQ:AMZN) cloud music service has ultimately made its spot to Apple’s iPhones and iPods, through a latest iOS app.

According to the reports, the latest software will allow iOS clients to download or stream music they have saved in Amazon’s locker service and would also play music they previously have on their gadgets, along with songs saved in Apple’s original iTunes player.

The Amazon app does not seem to allow users transfer music into Amazon’s cloud. And it would not let members sign up for the service within the app, either, a restraint that is now requirement for non-Apple “subscription” services.

Its competitors include Apple Inc. (NASDAQ:AAPL) that surged 0.95% to $576.59 with the total traded volume of 6.66 million shares and Barnes & Noble, Inc. (NYSE:BKS) that moved up 1.47% to $15.20 with the total traded volume of 195,271.00 shares.

Other services stocks with bullish trend include Michael Kors Holdings Ltd (NYSE:KORS) up 5.13% to $40.14, Comcast Corporation (NASDAQ:CMCSA) up 0.42% to $30.07 and Lowe’s Companies, Inc. (NYSE:LOW) up 2.19% to $27.57, whereas with bearish trend include Sirius XM Radio Inc (NASDAQ:SIRI) down -0.27% to $1.86, J.C. Penney Company, Inc. (NYSE:JCP) down -1.21% to $23.71 and Seven Arts Pictures plc (NASDAQ:SAPX) down -9.84% to $0.0330., Inc. (NASDAQ:AMZN) stock’s trade at beginning with a price of $217.65 and the current trading session climbed at a high of $218.00 other than the stock finally advanced 0.59% to $217.78 at 11:38AM EDT.

Shares price of AMZN moved down from its 20 days moving average with -0.36% and remote positively from 50 days moving average with 2.89%. AMZN current year earnings per share experienced an addition with -45.82% while its current quarter performance remained 18.05%.

AMZN has a trade volume of 1.06 million shares is lesser as compared to average trading capacity of 4.24 million shares.

AMZN last month stock price volatility remained 2.56%. In its share capital AMZN has 450.53 million outstanding shares among them 362.06 million shares have been floated in market exchange. AMZN stock institutional ownership remained 66.63% while insider ownership included 19.62%.

The stock is ahead its 52 week low with 29.10% and lagging behind from its 52 week high price with -12.63%. Company’s beta coefficient included 0.89. Beta factors measures the amount of market risk associated with market trade.




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