19.05.2020 AMAZON Daily Analysis

19.05.2020 AMAZON Daily Analysis

The Amazon stock went up by 16.48 to close at $2426.26 on Monday in a generally positive market movement. As a company, Amazon has a lot up its sleeve as it continues benefitting from the coronavirus pandemic. For one, Amazon has introduced new Virtual Medical healthcare for its personnel and so far it is accessible to all the Seattle office workers and the workers in the fulfillment areas. Amazon is also planning to expand and is officially now moving to Clay in Syracuse into a $350 million warehouse. Depending on what goes on today during the testifying of Jerome Powell, the head of the Fed reserve, before the Senate  Senate Banking, Housing, and Urban Affairs Committee in Washington DC, via satellite on coronavirus Aid, Relief and economic relief. Depending with what goes on the market might experience some volatility and Amazon might be making some big moves as well