Amazon stock remained largely unscathed by news of Disney+ releasing at the end of this year, despite the challenge to its Prime Video service. The tech giant also hit the headlines late this week when the retail industry issued forceful responses to the challenge from Jeff Bezos to its competitors to “match our employee benefits and our $15 minimum wage”. Walmart, Macy’s and eBay CEOs each fired back with responses comprising pointed barbs asking Bezos to pay his taxes and to stop competing with his sellers.
AMZN investors remained undaunted, with the stock having broken above a bull flag and continuing to consolidate just under the $1850 resistance zone.
AMZN investors remained undaunted, with the stock having broken above a bull flag and continuing to consolidate just under the $1850 resistance zone.