Previous Close | 49.55 |
Open | 49.55 |
Bid | 50.40 |
Ask | 50.85 |
Strike | 230.00 |
Expire Date | 2025-06-20 |
Day's Range | 49.55 - 49.55 |
Contract Range | N/A |
Volume | |
Open Interest | 220 |
Amazon (AMZN) has been downgraded to Equal Weight from Overweight at Wells Fargo. The firm argues that the strength in Amazon's cloud business is "not enough" to overcome headwinds and increasing competition from Walmart (WMT). Morning Brief anchors Seana Smith and Brad Smith discuss the call in the video above. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.
(Bloomberg) -- Amazon.com Inc. shares fell in premarket trading on Monday, following a rare analyst downgrade that cited concerns over margin trends into next year, which growth in the cloud computing business is unlikely to compensate for.Most Read from BloombergSingapore Ends 181 Years of Horse Racing to Make Way for HomesUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsWhat Do US Vehicle Regulators Have Agains
Freely, a new streaming service backed by the BBC, ITV and other British public broadcasters, will be available on Amazon Fire televisions following a "landmark deal" with the U.S. technology giant, the companies said on Monday. The deal is a win for the BBC, ITV, Channel 4 and Channel 5, whose joint venture, called Everyone TV, launched Freely earlier this year, allowing viewers to stream both live TV and on-demand content for free when they purchase smart TVs carrying the service. The tie-up will help take content from the four public broadcasters - which are required by UK law to offer programming beneficial to the public interest - to more British households, through smart TVs using Amazon's popular Fire operating system.