The Nasdaq Stock Market ended the session with Amazon rising 2.4% to $3,240.96 on Wednesday, after three successive sessions in a row of gains. The Nasdaq Stock Market jumped 0.5% to $12,658.20, after two consecutive sessions in a row of gains, on what was a somewhat positive trend exchanging session today.
Amazon today’s close was $3,240.96, 9.60% under 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, "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.", "Other services that the social media giant intends to use include Amazon CloudFront – AWS’s fast content delivery network service Amazon CloudFront and its key-value database Amazon DynamoDB."
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, "GoodRx Holdings Inc., which tumbled last month amid fresh criticism from Amazon’s potential impact, fell 4.6%.", "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, "Interested sellers can contact the firm at BrandProtectionAmazon.com.", ""Amazon would be well-served to follow in their footsteps by also requiring proof of ownership and authority when undertaking brand protection efforts. "
Amazon lobbies for its workers to receive Covid-19 vaccine. According to today’s article on The Wall Street Journal, "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.", "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 has stopped guaranteeing some holiday shipping options. According to today’s article on Bloomberg Quint, "Amazon at the time said the reports were anecdotal and didn’t represent what was happening across its delivery network.", "Entering the heart of what’s widely expected to be a record holiday shopping season, Amazon.com Inc. is making fewer guarantees to customers who want to make sure packages arrive by Christmas."
Amazon’s sales growth is 36.6% for the current quarter and 26.2% for the next. The company’s growth estimates for the present 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 $3,240.96 at 17:29 EST, below 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, "While most flyers will recognize the name, they might not recognize these new stores as unlike other Cibo Express locations, these utilize Amazon’s “Just Walk Out” technology. ", "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, "The 56-year old founder of Amazon has often said that he preferred working two to three years into the future, and rarely got pulled into daily operational work because he’s able to delegate most decisions. ", "Amazon said it’s running 50,000 tests a day across 650 sites as of November, and expects to spend $1 billion on the initiative this year. "
California targets Amazon over virus worker safety protocols. According to Bloomberg Quint on Mon Dec 14, "California Attorney General Xavier Becerra said Monday he’s escalating efforts to force Amazon.com Inc. to cooperate with an ongoing probe of worker safety conditions during the coronavirus pandemic.", "Amazon has faced multiple complaints from warehouse workers that they haven’t been adequately protected from exposure to Covid-19. "
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, "Behind the scenes, Twitter has been a customer of Amazon’s for years, partly as a result of acquisitions, Matt Garman, AWS sales and marketing chief, said in an interview. ", "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."