Shares of Amazon.com, Inc. (NASDAQ:AMZN) [Trend Analysis] runs in leading trade, it plunging -0.44% to traded at $775.10. The firm has price volatility of 1.38% for a week and 1.18% for a month. Its beta stands at 1.22 times. Online marketplace, Amazon (AMZN) reported that India is opening ‘seller cafes’ across 24 cities and towns to offer on-ground help to merchants on its platform ahead of the festival season.
“We are opening 24 ‘seller cafes’ in cities and towns to offer on-ground support to sellers to help them getting ready for the festive season,” Gopal Pillai, Director and GM, Seller Services, Amazon India told PTI. “Sellers can use this to set up a new account for imaging or cataloguing help, or any other issues that they face,” he added. Amazon has added 20,000 new sellers in the last six weeks through its new seller initiatives, he stated. “This is a good sign for small and medium businesses, enabling more to join our seller platforms,” Pillai added. Narrow down four to firm performance, its weekly performance was 0.47% and monthly performance was 1.39%. The stock price of AMZN is moving up from its 20 days moving average with 0.83% and isolated positively from 50 days moving average with 2.00%.
Several matter pinch shares of Encana Corporation (NYSE:ECA) [Trend Analysis], as shares surging 1.13% to $9.86 with a share volume of 11.12 Million. Encana Corporation (NYSE:ECA) intends to conduct a public offering of 107,000,000 ordinary shares of Encana. Encana expects to grant the underwriters, led by Credit Suisse Securities (Canada), Inc. and J.P. Morgan, a 30-day over-allotment option to purchase up to 16,050,000 additional Shares. The price of the Offering is anticipated to be established later recently following marketing of the Offering by the underwriters.
Encana intends to use about half of the net proceeds attained from the sale of the Shares to fund a portion of its 2017 capital program. The remaining proceeds will be used to enhance Encana’s balance sheet flexibility by repaying indebtedness under its credit facilities. The majority of the 2017 capital program is predictable to be allocated to growing Encana’s Permian production through increasing the number of rigs in the play, which is predictable to result in about two times as many Permian wells on stream in 2017 as compared to 2016. The allocation of proceeds may vary depending upon numerous factors, comprising changes in commodity prices and surged capital efficiency. The stock is going forward its 52-week low with 230.69% and moving down from its 52-week high price with -8.14%. To have technical analysis views, liquidity ratio of a firm was calculated 0.90 as evaluated with its debt to equity ratio of 0.00. The float short ratio was 2.14%, as compared to sentiment indicator; Short Ratio was 1.51.
Acacia Communications, Inc. (NASDAQ:ACIA) [Trend Analysis] luring active investment momentum, shares an raise 1.28% to $114.26. The total volume of 1.12 Million shares held in the session was surprisingly higher than its average volume of 1432.95 shares. EPS anticipates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at 339.70%, and looking additional price to next year’s EPS is 19.84%. While take a short look on price to sales ratio, that was 11.48 and price to earning ratio of 157.60 attracting passive investors.