Tag AMZN

Shares of Rivian Automotive Inc. tumbled 12.0% in afternoon trading toward a record low, following Ford Motor Co.'s disclosure that it sold more than $200 million worth of the electric vehicle maker's stock. Ford's share sale came after the lockup agreement in Rivian's initial public offering expired on Sunday. Meanwhile, ecommerce behemoth Amazon.com Inc. , which said...

Shares of Amazon.com Inc. slumped 3.3% in afternoon trading Wednesday, putting them on track to close at a more-than two-year low. The ecommerce and cloud services behemoth's stock, which is headed for the lowest close since April 9, 2020, has now tumbled 27.2% since first-quarter result were reported after the April 28 close, wiping out about $400.05 billion in market capitalization since then. Year to date, Amazon's stock has now plunged 36.9%, while the SPDR Consumer Discretionary Select Sect...

Rivian Automotive (NASDAQ: RIVN) stock crashed yet again today, tumbling 7.5% by noon. Rivian stock has been in a free fall this week ever since CNBC reported this past weekend that Ford (NYSE: F) was planning to sell 8 million shares in the EV soon after the expiry of the 180-day initial public offering lock-up period that prevents early investors from selling stake in a company. Ford's regulatory filing on May 10 confirmed the the legacy automaker had indeed dumped 8 million shares in Rivian at a price of $26.80 per share the previous day...

Duke Realty Corp on Wednesday rejected a $23.7 billion all-stock deal from warehouse real estate company Prologis Inc, and said the offer was "insufficient". Prologis on Tuesday had offered Duke $61.68 per share, an over 29% premium to the stock's closing price on Monday, as the company looked to benefit from booming demand for industrial space. San Francisco-based Prologis, which leases logistics facilities to about 5,800 customers including Amazon.com Inc , BMW AG and FedEx Corp, said it had previously offered to buy Duke privately...

A market crash is a sudden and dramatic drop in prices across a broad index of stocks, usually by at least 20%. The growth-heavy Nasdaq Composite is down 28% from its high, and the broader S&P 500 has fallen 17%. It never feels good to lose money, but it's the price of admission if you want to participate in the stock market...

With e-commerce spending poised to rebound and AWS likely to remain very strong, long-term investors should buy AMZN stock...

Ford sold 8 million shares of Rivian worth about $214 million on Monday. That leaves the auto maker with about 94 million shares of the electric-vehicle startup...

The company disclosed their proposed pay packages in recent filings. Amazon's approach to executive compensation is a reflection of its focus on long-term growth...

Ford Motor Co sold eight million shares of electric-car maker Rivian Automotive Inc for $214 million, or $26.80 apiece, the U.S. automaker said in a filing on Tuesday. Ford now holds nearly 94 million shares, or a 10.5% stake, and is still the fourth-largest shareholder in the Irvine, California-based company, according to Refinitiv data. Rivian is struggling in a competitive market, including competition from Ford's F-150 Lightning electric pickup truck, while a supply chain crisis is limiting production at its plants...