ATSG - Why Amazon Stock Just Popped 5%
Amazon (NASDAQ: AMZN) the business dominates the world of online retail , but with its share price nearly twice what it was a year ago, Amazon the stock may look pretty pricey to some investors. Perhaps for that reason, on Monday morning, analysts at Loop Capital recommended that investors seeking a "back door play" on Amazon's success take a look at Amazon Air partner Air Transport Services Group (NASDAQ: ATSG) .
But were investors convinced by Loop's argument? It actually looks like they weren't -- because while Air Transport shares were up by only 2.7% at just after 2 p.m. EDT on Monday's upgrade, Amazon shares were up by 6.1%.
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Why Amazon Stock Just Popped 5%