AMZN Stock Down 0.16%, Company Opens First Amazon Fresh Grocery Store in LA

2020-8-27 19:49

Coinspeaker
AMZN Stock Down 0.16%, Company Opens First Amazon Fresh Grocery Store in LA

Leading e-commerce, cloud computing, digital streaming, and artificial intelligence American multinational company Amazon.com Inc (NASDAQ: AMZN) continues to see its business broaden with the ongoing pandemic. Amazon shares added around $95.36 during the day on Wednesday to close the day trading at 3441.85. However, today AMZN shares are in the red, they are trading 0.16% lower at the time of writing. The e-commerce giant opened its first Amazon Fresh supermarket in Los Angeles.

With the lifestyle disruption caused by the ongoing coronavirus pandemic besides the riots, Amazon’s e-commerce business has seen tremendous growth over the past few months.

Whereas other businesses in different sectors are struggling to keep up with the disruptions, Amazon has not only flourished but also made the CEO the first $200 billionaire.

So Far So Good

With a market capitalization of approximately $1.68 trillion, the company’s balance sheet puts it at a position capable of controlling a significant huge sector of its line of business. This has put it at loggerheads with the U.S. legislators who fear the company might be exploiting its huge market dominance to deter other smaller investors posing a threat to its businesses.

However, with the high rate of customer satisfaction, Amazon is set to dethrone competitors like Walmart Inc (NYSE: WMT) from the physical grocery stores. As a result, investors and also Wall Street analysts have high confidence with Jeff Bezos’ ability to deliver with the huge market capitalization and untapped opportunities.

During the first half of the year, Amazon shares have added around 86.26%, they have jumped over 43% in the past three months and up approximately 12.48% in the last one month.

Having reported an increase in its sales and revenue in the first two quarters, and the company’s having promised to add more capital in its business besides protecting its workers against COVID-19, a better result is anticipated in the coming quarters.

Amazon Fresh Future Prospects

In the bid to continue being a leader in its line of business, the e-commerce giant today opened its first Amazon Fresh supermarket in the Los Angeles neighborhood of Woodland Hills.

Additionally, the company also anticipates opening more physical Amazon Fresh supermarkets in Oak Lawn, IL; Schaumburg, IL; Naperville, IL; Woodland Hills, CA; Irvine, CA; and North Hollywood, CA.

The company has reportedly also been looking to develop physical grocery stores in other markets outside of the United States including in the United Kingdom where it recently purchased shares in Deliveroo.

AMZN Stock Down 0.16%, Company Opens First Amazon Fresh Grocery Store in LA

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin & Company Network (BITN) на Currencies.ru

$ 3.4E-5 (-0.68%)
Объем 24H $0
Изменеия 24h: 7.68 %, 7d: 5.02 %
Cегодня L: $3.4E-5 - H: $3.4E-5
Капитализация $0 Rank 3624
Цена в час новости $ 2.27E-5 (49.78%)

stock fresh amzn store amazon grocery down

stock fresh → Результатов: 43


Фото:

Bitcoin Bulls Flash Signs of Strength as Stock Market Fuels Fresh BTC Uptrend

Bitcoin is showing some signs of strength after it posted a strong rebound from its recent lows set around $9,200 The crypto has since climbed back above $9,400, and appears to be navigating through what has become a heavy resistance level Analysts do believe that the token is poised to see further upside due to a few key factors One such factor would be the ongoing rise seen while looking towards the stock market, which […]

2020-6-23 21:00


A Deeper Research On The First Crypto Exchange Joined London Stock Exchange Groups’ Partner Platform AAX And Its Native Token AAB

Coinspeaker A Deeper Research On The First Crypto Exchange Joined London Stock Exchange Groups’ Partner Platform AAX And Its Native Token AABRecently, TokenInsight has released Exchange Platform Token Research Report: AAB provides fresh perspectives on the AAX exchange and its platform token – AAB.

2020-4-16 21:27


Dow Rally Regains Momentum Ahead of U.S.-China Trade Talks

The Dow and wider U. S. stock market finished strong on Tuesday, as investors shifted their focus to a fresh round of China trade negotiations set to begin later in the week. The sensitivity of the upcoming negotiations didn’t prevent the United States from sailing two ships through the Taiwan Strait this weekend, in an operation that the Trump administration says will become more routine moving forward.

2019-3-27 22:14