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Barchart
Barchart
Mark R. Hake, CFA

Amazon Stock Soars as It Returns to Positive Free Cash Flow, But It's Still Cheap

Amazon Amazon.com Inc.

Amazon (AMZN) stock is soaring today up about 11% to $143.16 in mid-day trading on Aug. 4. The company's Q2 results, released after hours on Aug. 3, showed positive free cash flow (i.e., inflows of cash to the company after all cash expenses and payments). 

That means it is no longer burning through its cash balance after capex spending and changes in working capital. This is giving options traders a field day.

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