Why Amazon (AMZN) Stock Is Still A Hold

NEW YORK (TheStreet) -- TheStreet Ratings Team has reiterated its "hold" rating for Amazon.com, Inc. (AMZN) shares on Monday.

Amazon shares are down -2.7% to $295.80 on heavy volume in trading today, as  12.22 million shares have been traded, a 150% increase from the stock's three month average volume of 4.89 million shares.

The stock has a 52 week high of $408.06 and a 52 week low of $245.75 while shares are up 21.7% over the same period.

The online retailer has ranged between a high of $304 and a low of $288 today.

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TheStreet Ratings team rates AMAZON.COM INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate AMAZON.COM INC (AMZN) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins."

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