Amazon.com (AMZN) Soars: Stock Adds 13.2% in Session

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Amazon.com, Inc. AMZN was a big mover last session, as the company saw its shares rise more than 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $957.10 to $1,009.13 in the past one-month time frame.
The move came after the company reported better-than-expected third-quarter 2017 results.
The company has seen a mixed track record when it comes to estimate revisions of four increase and five decreases over the past few weeks, while the Zacks Consensus Estimate for the current quarter hasn't been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

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Airtel, Reliance Jio Lock Horns Over Removal of In-Band Spectrum Cap

Bharti Airtel , India’s leading telecom operator, and Reliance Jio have now locked horns over the cap on spectrum holdings in a band. In a note to the regulator, the Sunil Mittal-led telco has reportedly opposed any removal or relaxation of the upper limit on spectrum holding in a band from the present 50%, while the Mukesh Ambani-led Jio believes the 50% in-band cap should be done away with, as technology has become spectrum-agnostic. Bharti Airtel said that the cap should stay to ensure no telecom player is able to create a monopoly, and gains dominance in holding of airwaves in any particular band, according to media reports. Airtel’s views come amid speculations that Jio may acquire Anil Ambani-led Reliance Communications’ spectrum in the 800 Mhz band. This band is considered to be the most efficient frequency available at present for 4G services. RCom already shares its spectrum holding in 800 Mhz bands with Jio. The telecom regulator had earlier sought service providers...
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