Monday, May 21, 2007

Amazon stock up on Citigroup note

(Reuters) - Citigroup, which also repeated its "hold" rating on the stock, cited the company's strong outlook.




"Optimistic remarks from Citi and a short squeeze resulting from Amazon.com shares climbing to a seven-year high fuelled a sharp increase in its options volume," said Paul Foster, an options strategist at Web information site theflyonthewall.com in Chicago.


Read more at Reuters.com Hot Stocks News

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