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Welcome to InvestorPlace’s Amazon (NASDAQ:AMZN) live blog, where you can find up-to-the-second insights in Amazon stock news today.
[Check back often, as this page will be updated with more Amazon stock news and insights each day the market is open.]
Amazon Pledges $10 Million to Save Forests
[Tuesday, April 21, 10:15 a.m.]
- Shifting away from pandemic news, Amazon CEO Jeff Bezos pledged $10 million Tuesday morning to restore and protect forests in the northeastern U.S.
- This is the first investment from the company’s $100 million Right Now Climate Fund, which Bezos introduced in September 2019. Amazon hopes to be “carbon neutral” by 2040.
Is Amazon Launching Seller-Focused Health Insurance?
[Tuesday, April 21, 9:40 a.m.]
- According to reporting from Recode, Amazon administered a survey to its sellers, asking them what insurance they offer their employees and whether they would consider an alternative. This survey has some speculating Amazon is rolling out health insurance offerings for its sellers.
- Amazon sellers account for 60% of Amazon’s retail sales, and there are 900,000 active sellers in the U.S. alone.
- Amazon’s other forays into healthcare include its 2018 acquisition of PillPack, its joint venture Haven and Amazon Care, its virtual healthcare clinic for Seattle employees.
Mark Cuban Says Amazon Is Going ‘Up, Up, Up’
[Tuesday, April 21, 9:10 a.m.]
- Billionaire investor Mark Cuban says AMZN stock will continue to go “up, up, up” even after the novel coronavirus subsides. He argues that even once stay-at-home orders are lifted, consumers will be hesitant to go to stores, giving Amazon.com sales a further boost.
- AMZN shares are up 30% year-to-date, and the company recently announced it is bringing on 175,000 new employees.
Amazon Prime U.S. Members Estimated to Hit 118 Million
[Monday, April 20, 4:59 p.m.]
- Based on a report from market research firm Consumer Intelligence Research Partners, TheStreet.com reports that the U.S. membership to Amazon’s Prime service has grown to 118 million individuals members as of March 31. That would represent an addition of 18 million paid subscribers in the first quarter of this year.
- The reporting also estimated that 70% of 30-day trials converted to paying customers last month.
Morgan Stanley Recommends Locking in Amazon Profits
[Monday, April 20, 4:51 p.m.]
- According to a report in Barron’s, investment bank Morgan Stanley has removed Amazon from its coveted “Fresh Money” list of preferred stocks to purchase. The bank recommended that investors “lock in profits today.”
This article was originally published by Investorplace.com. Read the original article here.