What Is Going On With Amazon Stock Monday

Comments
Loading...
  • Amazon.Com, Inc AMZN stock is trading lower Monday amid reports of Alphabet Inc GOOG GOOGL YouTube proposing to undercut Amazon's streaming service charges by up to 10 bps.
  • YouTube follows similar moves by Apple Inc AAPL and Roku, Inc ROKU to compete with Amazon, the Information reports.
  • Simultaneously, Amazon trailed behind Walmart Inc WMT in India's battle for online consumers.
  • As per Redseer, Walmart-owned Flipkart has grown more quickly than Amazon in India.
  • Redseer flagged Amazon's significant gap with Flipkart making it difficult for them to bridge it, at least in the short term
  • Price Action: AMZN shares traded lower by 1.23% at $114.81 on the last check Monday.
  • Photo via Wikimedia Commons
AMZN Logo
AMZNAmazon.com Inc
$194.34-2.29%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum77.96
Growth3.98
Quality82.60
Value48.65
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs

Posted In: