Shares of Amazon jumped 2.16% to $3,233.61 at 14:36 EST on Wednesday, after three consecutive sessions in a row of gains. The Nasdaq Stock Market is rising 0.22% to $12,622.60, after two sequential sessions in a row of gains. This seems, so far, a somewhat positive trend trading session today.
Amazon’s last close was $3,165.12, 9.85% 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.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.", "Amazon said in the suit that the Defense Department failed to fairly judge its bid because Trump viewed Amazon’s Chief Executive Officer Jeff Bezos as his “political enemy.”"
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. ", "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%.", "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."
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, ""The major difference between using Alibaba’s report infringement platform and Amazon’s, which is usually brand registry, is that Alibaba verifies if the entity submitting the complaints owns the rights in question before they accept or consider taking action," said Rob Segall, Esq., partner at Rosenbaum Famularo, P.C. and head of the Brand Protection on Amazon team. ", "ContactMichelle MaldonadoMichelleM@AmazonSellersLawyer.com"
Amazon’s sales growth is 36.6% for the current 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 $3,233.61 at 14:36 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 worth 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, "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. ", "An early believer in the tech, Blatstein sought it out for his stores after personally visiting Amazon Go stores – where the technology was pioneered."
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? ", "Critics still question whether Amazon’s response to address the coronavirus pandemic and worker safety issues were adequate, while some warehouse workers continue to organize protests over the company’s business practices. "
California targets Amazon over virus worker safety protocols. According to Bloomberg Quint on Mon Dec 14, "Amazon didn’t immediately respond to a request for comment.", "Read More: California Probing Amazon’s Warehouse Practices Amid Virus"
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. ", "San Francisco-based Twitter said working with Amazon’s cloud will improve the performance of its products by using data centers that are closer to where people live. "
FDIC eases path for Amazon and Facebook to become lenders. According to Bloomberg Quint on Tue Dec 15, "”If the FDIC approves Rakuten’s application, it will set a precedent for every other Big Tech company (Amazon, Facebook, Google, etc.) to enter banking through an ILC charter without consolidated supervision,” the Bank Policy Institute, a Washington-based industry lobbying group, wrote in a blog post last month.", "Facebook declined to comment, and Amazon and Google didn’t respond to emails seeking comment."