Shares of Amazon rose 2.54% to $3,245.58 at 15:36 EST on Wednesday, after three sequential sessions in a row of gains. The Nasdaq Stock Market is rising 0.65% to $12,677.50, after two consecutive sessions in a row of gains. This seems, up until now, a somewhat positive trend trading session today.
Amazon’s last close was $3,165.12, 9.45% below its 52-week high of $3,552.25.
News about Amazon today
Amazon says bid for pentagon cloud deal was cheaper, better. According to today’s article on Bloomberg Quint, "Amazon’s lawsuit alleges the company’s bid offered the Pentagon superior technology, including better tactical-edge devices, which offer cloud-computing services to remote locations, and more robust data centers.", "Amazon.com Inc. said the Defense Department wrongfully awarded a highly lucrative cloud computing contract to Microsoft Corp. even after it proposed a cheaper and technically superior bid for the deal."
Twitter to use Amazon web services to support tweets delivery. According to today’s article on Business Insider, "Twitter will take advantage of AWS Graviton2-based instances on Amazon Elastic Compute Cloud or Amazon EC2 to power its cloud-based workloads. ", "Amazon.com’s unit Amazon Web Services Inc. or AWS said Twitter has signed a multi-year agreement to provide global cloud infrastructure to deliver Twitter timelines."
Power players: meet the 12 key execs driving Shopify, the breakout e-commerce star doing so well that Amazon is considering launching a direct competitor. According to today’s article on Business Insider, "The company’s meteoric rise over the last year has even caused Amazon CEO Jeff Bezos to discusslaunching a competitive service.", "Read more: Shopify’s general manager reveals its last-minute sprint to include a tool for a new app to help small merchants take on Amazon and Walmart during COVID-19"
Amazon health foray reawakens demons for telemedicine stocks. According to today’s article on Bloomberg Quint, "While the product remains in a pilot mode and only serves Amazon’s own employees, the report sent shares of competitors like Teladoc Health Inc. and Molina Healthcare Inc. lower Wednesday.", "The weakness spread to U.S. pharmacy chains including CVS Health Corp. and Rite Aid Corp. as investors positioned for what Amazon’s next steps could mean. "
Alibaba vs. Amazon: what Amazon can learn to improve its policies against brand infringement of trademark copyrights and patents. According to today’s article on Business Insider, "Rosenbaum Famularo, P.C. is dedicated to helping sellers navigate Amazon and implement best practices when protecting their brands. ", "Interested sellers can contact the firm at BrandProtectionAmazon.com."
Amazon lobbies for its workers to receive Covid-19 vaccine. According to today’s article on The Wall Street Journal, "In a letter to a CDC vaccine-advisory panel Wednesday, the retail company requested that its front-line workers at its warehouses, data centers and Whole Foods Market grocery stores receive the vaccine "at the earliest appropriate time." Amazon wrote that it employs more than 800,000 people in the U.S., making it the nation’s second-largest employer behind Walmart Inc.", "Amazon.com Inc. has asked the Centers for Disease Control and Prevention to give priority to its workers as vaccinations for Covid-19 begin to roll out."
Amazon has stopped guaranteeing some holiday shipping options. According to today’s article on Bloomberg Quint, "A spokeswoman said Amazon wanted to share details on its fastest shipping speeds for Prime members and expressed confidence in the company’s ability to handle a deluge of orders. ", "Some merchants who sell on Amazon’s site and consultants who advise them said during Thanksgiving week that delivery times on some products ballooned from one or two days to a week or more. "
Amazon’s sales growth is 36.6% for the present quarter and 26.2% for the next. The company’s growth estimates for the current quarter and the next is 9.6% and 83.6%, respectively.
Year-on-year quarterly revenue growth grew by 37.4%, now sitting on 347.95B for the twelve trailing months.
Amazon’s Stock Top and Bottom Yearly Value
Amazon’s stock is valued at $3,245.58 at 15:36 EST, under its 52-week high of $3,552.25 and way above its 52-week low of $1,626.03.
Amazon’s Moving Average
Amazon’s value is above its 50-day moving average of $3,151.00 and above its 200-day moving average of $3,078.81.
Previous days news about Amazon
I visited a brand-new Amazon go-powered store at newark airport and it's clear more airports should adopt the tech as travel returns to normal. According to Business Insider on Sun Dec 13, "An early believer in the tech, Blatstein sought it out for his stores after personally visiting Amazon Go stores – where the technology was pioneered.", "The same technology used in Amazon Go stores, OTG began rolling out Just Walk Out to its stores in March, just as the pandemic hit. "
Jeff bezos is back in the trenches at Amazon. insiders describe working with a more deeply-involved ceo.. According to Business Insider on Sun Dec 13, "Do you work at Amazon? ", "Internally codenamed Project Ultraviolet, the initiative is designed to provide free testing to all Amazon employees, as Business Insider has previously reported. "
California targets Amazon over virus worker safety protocols. According to Bloomberg Quint on Mon Dec 14, "The state attorney general said the petition filed by his office in Sacramento state court seeks specific information sought from Amazon in an August subpoena that the company so far has failed to disclose.", "Amazon didn’t immediately respond to a request for comment."
Airconsole arrives on Amazon fire TV. According to Business Insider on Tue Dec 15, "AirConsole, a leader in casual gaming, rolledout onall Amazon Fire TV devices worldwide,in December 2020.", "In addition to Amazon Fire TV, the AirConsole experience is already available on the web, Android TV and a selection of TV operator partners."
Twitter will use Amazon web services to power user feeds. According to Bloomberg Quint on Tue Dec 15, "Under a multiyear deal announced on Tuesday, Twitter will use the Amazon.com Inc. unit to provide “global cloud infrastructure to deliver Twitter timelines,” supplementing the social media company’s own computing capacity. ", "Twitter can also “ship features faster” using Amazon’s suite of services, said Parag Agrawal, Twitter’s chief technology officer."
FDIC eases path for Amazon and Facebook to become lenders. According to Bloomberg Quint on Tue Dec 15, "”A Bank of Walmart or Amazon Bank could easily attract trillions of dollars in deposits, thereby increasing concentration and systemic risks in the financial sector.”", "Amazon.com, Facebook Inc., Walmart Inc. and other corporate giants may soon give Wall Street a run for its money as a key U.S. regulator smooths the path for nonbanks to get into lending."