What's Going On With Amazon.Com Stock Tuesday?

Amazon.Com, Inc AMZN is trading higher Tuesday as it kicked off its Black Friday event earlier than last year on November 17, doling out deep discounts on a wide range of products.

Also Read: Amazon Leverages Generative AI for Holiday Ad Boost, Targeting 160M Prime Subscribers

Shoppers can expect significant savings on brands like YETI, Peloton, and LEGO, with deals including up to half off IT Cosmetics, substantial cuts on BISSELL and Le Creuset items, and other savings on Sony, Shark, and Disney products. 

Amazon extends its holiday savings into the Cyber Monday weekend, beginning November 25 and ending November 27.

From November 17 to November 27, customers can look forward to significant discounts on various items such as electronics, toys, home goods, clothing, beauty products, and Amazon devices.

Amazon.com's Prime Big Deal Days event met with tremendous success compared to last year, with household spending increasing Y/Y during the event despite mounting consumer spending headwinds.

On a separate note, Amazon has initiated its first-ever global all-electric delivery fleet in India, offering Delivery Service Partners the option to lease custom-designed three-wheeler EVs for package delivery. Launched before the Indian festival Diwali, the program plans to expand its fleet with more electric vehicles. 

Collaborating with Mahindra Electric, among others, Amazon has already rolled out over 6,000 EVs in over 400 Indian cities, aiming for a 10,000-strong electric fleet by 2025.

Price Action: AMZN shares traded higher by 2.15% at $142.75 on the last check Tuesday.