Amazon Stock Delivers Rebound As Prime Now Launches

rapidly" to additional zip codes. If you have the app, you can be notified when Prime Now is available in your area. Amazon shares rebounded with the market on Tuesday, retaking their 50-day moving average and ending a five-session losing streak. The stock is now trading about 16% below its all-time high reached about a month ago. Amazon boasts that tens of thousands of items can be purchased through Prime Now, including paper towels, wine, beer, milk, ice cream, TVs and Kindle devices. Amazon already has same-day delivery for a variety of items through Amazon Fresh and Amazon dot com, but this is kicking it up a notch. As far as big e-commerce shippers go – including Amazon, Target, Wal-Mart and Google with its Express service – this is the fastest delivery option yet. But other smaller services, most notably Instacart, are already in the one-hour delivery game. Instacart specializes in grocery delivery and has partnerships with Whole Foods, Costco and Kroger-owned Ralphs, among others. Other services appealing to the on-demand eats space include Uber Eats, GrubHub and Postmates. But as of yet it's only Amazon that's delivering TVs and other electronics in an hour.