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tl;dr
Amazon (NASDAQ:AMZN) plans to offer Prime members a new monthly subscription option for unlimited grocery delivery from Whole Foods and Amazon Fresh on orders over $35, along with 30-minute pickup for any size order. This service will initially launch in Denver, Colorado, Sacramento, California, and...
Amazon (NASDAQ:AMZN) plans to offer Prime members a new monthly subscription option for unlimited grocery delivery from Whole Foods and Amazon Fresh on orders over $35, along with 30-minute pickup for any size order. This service will initially launch in Denver, Colorado, Sacramento, California, and Columbus, Ohio, as part of the company's ongoing efforts to make shopping more convenient and affordable. Amazon has been refining its grocery services, with recent changes including a lower minimum order threshold for free Fresh grocery delivery and the expansion of grocery delivery and pickup options for all customers, as well as the introduction of re-imagined Amazon Fresh stores in Los Angeles. The company's ultimate goal is to increase the frequency and size of customers' grocery orders from Amazon Fresh and Whole Foods, and this continued innovation in online grocery is drawing attention from competitors such as Instacart (CART), DoorDash (DASH), and Uber Technologies' Postmates (UBER).
More about Amazon.com Inc
Amazon.com, Inc. is a leading multinational technology company in the e-commerce and cloud computing sector, with a strong focus on digital streaming and artificial intelligence. The company is part of the influential Big Five in the U.S. information technology industry. With a market capitalization of 1.49 trillion, Amazon's stock has shown robust performance, currently trading at $173.56, with a 1.91% increase. The Relative Strength Index (RSI) of 53.95 suggests a neutral sentiment, while the Bollinger Bands indicate a moderate level of volatility. The stock is currently trading above its 50-day moving average, indicating a bullish trend. However, given the uncertainty in the market, it is important to consider potential risks associated with future performance.
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Disclaimer:
This is not financial advice. Please do your own research before investing in any asset.