Amazon traded higher than expected with an increase of 3.05% due to none other than coronavirus. The fear of COVID-19 infection is compelling for people to
Amazon traded higher than expected with an increase of 3.05% due to none other than coronavirus. The fear of COVID-19 infection is compelling for people to stay at their homes, which in turn is resulting in problems as they are unable to procure items required on a daily basis.
Rapid delivery of these items is expected to help people counter the hard times. Notably, this demand bodes well for online retail companies, which are making every effort to enhance their delivery system. And with Amazon Same Day Delivery Service the company has been getting a lot of work done, increasing demand and that in return is maximizing their profit.
Amazon shares went from $1,879.51 to $1,975.83 in a matter of a few days.