Updated Wednesday, November 12, 2025 — mid‑session
Amazon (NASDAQ: AMZN) traded lower midday. As of 18:43 UTC, shares changed hands at $245.39, down about 1.5% from Tuesday’s close, after ranging between $244.02 and $252.38 so far today. Volume had reached roughly 17.1 million shares.
Key takeaways
- AMZN is modestly lower intraday ahead of Thursday’s U.S. inflation release, with traders rotating through Big Tech following a strong two‑week run. [1]
- Refunds tied to Amazon’s FTC settlement formally start today and run through December 24 for eligible Prime customers (automatic refunds up to $51), a headline that may be adding a drip of noise to sentiment. [2]
- Amazon Business announced new AI features—including an Amazon Business Assistant and smart savings tools—timed to its Reshape conference in Seattle. [3]
- AWS became the Official Cloud Provider of the DP World Tour, a visibility win for the cloud unit and its “agentic AI” ambitions. [4]
- Fresh legal headline: a proposed class action filed in New York accuses Amazon of “punitive” policies tied to employee absences for workers with disabilities. [5]
AMZN today at a glance
- Last trade: $245.39 (–1.49% intraday)
- Day range: $244.02–$252.38
- Open: $250.00
- Time (quote): 18:43 UTC
Figures reflect live market data at the time stated above.
What’s moving the stock today
1) FTC refunds window opens (consumer‑protection overhang).
Under September’s settlement with the Federal Trade Commission, Amazon begins automatic Prime refunds today (Nov 12), with payments rolling out through December 24, 2025; the maximum refund is $51, and those who don’t receive an automatic payment will have a claims process next year. The mechanics are spelled out on the FTC’s official “Amazon Refunds” page, which also notes email notices to eligible customers. While the financial impact was already provisioned, the reminder cycle can still create headline risk. [6]
2) Amazon Business leans into AI at Reshape 2025.
At its Seattle event, Amazon Business introduced Amazon Business Assistant for guided purchasing, plus Savings Insights and spend‑anomaly monitoring to help organizations contain costs—features built on Amazon’s Bedrock stack and aimed at procurement teams. Product momentum in B2B commerce often feeds the broader retail and ads story investors model into AMZN’s multiple. [7]
3) AWS sports partnership adds brand reach.
The DP World Tour (European Tour) named AWS its Official Cloud Provider, flagging plans to blend real‑time and historical data to personalize broadcasts and on‑site experiences—another example of AWS pairing AI narratives with marquee sports IP. [8]
4) New legal wrinkle.
A proposed class action filed today alleges Amazon’s absence‑management practices penalize New York warehouse employees with disabilities; Amazon hadn’t commented at press time. Legal headlines rarely move a $2T+ megacap on their own, but they can color near‑term sentiment. [9]
Macro & the near‑term calendar
- Inflation next: The October CPI prints Thursday, Nov 13 at 8:30 a.m. ET. With megacaps hypersensitive to rate‑path expectations, an upside or downside surprise can swing AMZN alongside the broader Nasdaq. [10]
- Holiday cadence: Amazon has Black Friday Week running Nov 20–Dec 1, part of a longer, deal‑heavy season that can sway unit volume, ad load, and fulfillment costs. [11]
- Cloud catalyst: AWS re:Invent kicks off Dec 1–5 in Las Vegas, typically a venue for AI and infrastructure updates that can refresh the AWS narrative into year‑end. [12]
Medium‑term narrative check
Investor attention remains fixed on AWS growth and AI positioning. Last week’s multiyear cloud deal with OpenAI reinforced the view that AWS will remain a first‑call vendor for frontier‑model workloads, a theme many bulls argue supports sustained capex and backlog through 2026. [13]
Analyst snapshot (context, not a rating)
Street consensus continues to skew positive: recent tallies place the average 12‑month target near $295 with a broad Buy recommendation set across major brokers—context that frames today’s move as a routine pause within a still‑constructive sell‑side stance. [14]
What to watch into the close
- Whether AMZN holds the $244–$246 intraday band heading into CPI day.
- Follow‑through coverage on FTC refunds and the employee‑absence lawsuit. [15]
- Any incremental headlines from Amazon Business Reshape and early read‑throughs for December procurement budgets. [16]
Bottom line
Today’s AMZN move looks like a standard breather ahead of an inflation print, with FTC refund headlines, B2B AI launches, an AWS sports tie‑up, and a new workplace lawsuit sharing the stage. For now, the AWS/AI narrative remains the medium‑term anchor; near‑term, watch CPI and early holiday demand signals for the next directional cue. [17]
This article is for information only and is not investment advice.
References
1. www.bls.gov, 2. www.ftc.gov, 3. www.businesswire.com, 4. www.businesswire.com, 5. www.reuters.com, 6. www.ftc.gov, 7. www.businesswire.com, 8. www.businesswire.com, 9. www.reuters.com, 10. www.bls.gov, 11. www.aboutamazon.com, 12. reinvent.awsevents.com, 13. www.reuters.com, 14. www.marketwatch.com, 15. www.ftc.gov, 16. business.amazon.com, 17. www.bls.gov
