Amazon (AMZN) NewsBite - Amazon to Make Web More Accessible to Blind

Posted on Tuesday, September 02, 2008 12:01 PM

Amazon (NasdaqNM: AMZN) opened at $83.16. So far today, the stock has hit a low of $82.56 and a high of $84.50. AMZN is now trading at $83.62, up $2.81 (3.48%). The stock hit its 52-Week high of $101.09 in October and set its 52-Week low of $61.20 in March. Amazon will be required to make some of its web software more accessible to blind people, under the terms of a $6m legal settlement agreed between Target (TGT) and the National Federation of the Blind. Technical indicators for the stock are neutral and S&P gives AMZN a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on AMZN the stock seems like it could be a candidate for a September out-of-the-money bull-put credit spread below the 72.50 range. [ABR-Seven Summits Strategic Investments NewsBite]