AMZN Stock Rises 1.73% Today, Amazon Gets Green Light to Buy 16% Stake in Deliveroo

2020-8-4 17:29

Coinspeaker
AMZN Stock Rises 1.73% Today, Amazon Gets Green Light to Buy 16% Stake in Deliveroo

Amazon.com Inc (NASDAQ: AMZN) stock lost 1.67% on Monday and continued to fall in the pre-market on Tuesday. The shares were at around $3,098, 0.42% down. However, as the market opened, Amazon (AMZN) went up. At the time of writing, AMZN shares are at $3,165.74 (+1.73%). This rise can be explained by the news about the intentions of Amazon to buy a stake in Deliveroo.

The stock underperformed when compared to some of its competitors on Monday, as Microsoft Corporation (NASDAQ: MSFT) rose by 5.62% to $216.54, while Alphabet Inc (NASDAQ: GOOGL) fell 0.35% to $1,482.76, and Walmart Inc (NYSE: WMT) fell by 0.08% to $129.30.

However, the overall trend on the AMZN stock remains bullish despite the reduced uptick rate. According to its historical figures, AMZN stock has been up 74.06% in the past one year, up 68.41% YTD, up 34.26% in the past three months, jumped 3.73% in the past one month, and 3.72% in the last five days.

The impressive performance is largely attributed to the COVID-19 related sales uptick experienced in the first half of the year. With the situation on the ground still not fully recovered, Amazon is set to reap hugely from the social distancing rules and voluntary and authorized stay at home orders.

Amazon Interest in Deliveroo and Its Expansion to Sweden

Headed by billionaire Jeff Bezos, the company has been diversifying its market to cushion against market pullbacks. This comes despite the friction with the U.S. government over its market monopoly. However, with the fierce trade competition between China and the United States, Amazon is likely to benefit from its government support to win Chinese tech rivals.

As part of business diversification, Amazon has been in discussions with the UK regulators over acquisition of16% stake in Deliveroo.

After months of consultations and market analysis, Amazon has finally been given the green light to directly invest in the struggling Deliveroo.

“We are delighted that the CMA has concluded its 15-month investigation and that the Amazon minority investment can now go ahead,” a Deliveroo spokesperson said Tuesday.

“This is fantastic news for U.K. customers and restaurants, and for the British economy. British born Deliveroo will use the investment to increase choice and value for customers, support for restaurants and will be able to offer more riders the flexible work they value as the company expands,” added he.

Moreover, Amazon announced it will launch in Sweden via the website Amazon.se. “The next step is to introduce a complete retail offering in Sweden, and that is what we plan to do now,” said Amazon’s Alex Ootes in a statement.

Read more business news on Coinspeaker.

AMZN Stock Rises 1.73% Today, Amazon Gets Green Light to Buy 16% Stake in Deliveroo

Similar to Notcoin - Blum - Airdrops In 2024

origin »

TodayCoin (TODAY) на Currencies.ru

$ 0.00039323 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 999999
Доступно / Всего 0 TODAY

today stock buy stake amzn light rises

today stock → Результатов: 126


Аналитик Plan B по-прежнему уверен в биткоине по $100 000 в конце 2021 года

Популярный в Twitter аналитик Plan B твердо уверен, что его модель Stock to Flow (S2F) не утратила актуальность, несмотря на падение биткоина к отметкам двухмесячной давности. #bitcoin S2F chart adjusted for today’s «crash» … nothing really happened, btc still spot on S2F track pic.

2020-3-10 16:26


Robinhood’s Massive Outages Spell “Disaster,” Could Face Class Action Lawsuit

The massive outages on stock trading app Robinhood that started yesterday and continued today wasn’t because of a hack or a coding blip but stress on their infrastructure which “struggled with unprecedented load” leading to a “‘thundering herd’ effect — triggering a failure of our DNS system,” said co-founders Vlad Tenev and Baiju Bhatt in […]

2020-3-4 20:53


Фото:

How Stock Market Bubble Fears Could Fuel Crypto Investment

Crypto markets have corrected today but stock markets continue to surge despite mounting warnings of economic despair ahead. When the bubble bursts will investors turn to digital assets as a safe haven? Stocks Up Amid Virus Fears, Crypto Dumps The current scenario on Wall Street is deceptively bullish in a country where red lights are flashing all over the economic board.

2020-2-20 16:00


Blockstation ready for issuers to tokenize equity on the Jamaica Stock Exchange

Canadian firm Blockstation, today has announced that qualified issuers may now utilize its digital asset platform to conduct capital raises via tokenized IPO on the Jamaica Stock Exchange (JSE). This news is the latest milestone in Blockstation’s partnership with the JSE, one of the first exchanges to offer end-to-end support for the compliant listing, trading, […] CryptoNinjas: Blockstation ready for issuers to tokenize equity on the Jamaica Stock Exchange

2020-2-18 15:11


На швейцарской фондовой бирже запустили еще один биткоин-ETP

Управляющий активами на $60 млрд WisdomTree запустил торгуемый на бирже продукт на базе биткоина (ETP) на крупнейшей фондовой бирже Швейцарии SIX Swiss Exchange. Today, the Swiss Stock Exchange SIX welcomes Wisdomtree Europe as a New Crypto Currency ETP Issuer.

2019-12-3 16:03