What's Going On With Amazon.Com Stock Tuesday?
Portfolio Pulse from Anusuya Lahiri
Amazon.com, Inc (NASDAQ:AMZN) stock rose on Tuesday following the launch of 'Buy with Prime', a program offering Prime members new shopping benefits for the holiday season. The program allows shopping directly from brands' online stores with fast, free delivery and returns. Brands like Wyze, KNOW Beauty, and ALT. Fragrances are participating. Amazon Business's 2024 State of Procurement Report indicates procurement teams expect increased budgets and are focusing on new tools and technologies. The report provides insights into B2B trends and procurement across various industries and countries. AMZN shares were up 2.33% at $145.91.
November 14, 2023 | 5:09 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Amazon's stock increased due to the positive reception of 'Buy with Prime' and insights from the 2024 State of Procurement Report suggesting growth in procurement budgets.
The launch of 'Buy with Prime' is likely to enhance the shopping experience for Prime members, potentially increasing sales and customer loyalty. The positive outlook from the State of Procurement Report suggests that Amazon Business is poised for growth, which could further boost investor confidence in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100