Today’s Research Reports on Stocks to Watch: Amazon and Command Security
NEW YORK, NY / ACCESSWIRE / September 20, 2018 / Amazon shares were in the red yesterday as Wall Street learned that the company is being probed by the EU. Shares of Command Security Corporation were soaring on the news that the company would be acquired by Prosegur SA Compania de Seguridad in a deal that valued the company at $28.9 million.
RDI Initiates Coverage on:
Amazon.com, Inc.
https://rdinvesting.com/news/?ticker=AMZN
Command Security Corporation
https://rdinvesting.com/news/?ticker=MOC
Amazon.com, Inc. shares were down modestly on Wednesday despite several developments going on with the ecommerce giant. The company has been hit with a EU probe. European Competition Commissioner Margrethe Vestager has begun questioning merchants on Amazon's use of their data. She potentially has the power to fine Amazon up to 10% of its global turnover if she finds the company has breached EU antitrust rules. She recently fined Google a record $5 billion. A Bloomberg report has also revealed that Amazon is reportedly planning to open 3,000 cashierless stores by the year 2021. According to sources familiar with the matter, Amazon Go, which is open in three locations, may be up to thousands of stores in just a few years. An Amazon spokesperson told CNBC, "We don't comment on rumors or speculation."
Access RDI's Amazon.com, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AMZN
Command Security Corporation shares were up a 46.32% on Wednesday on almost 1.1 million shares traded. Traders were cheering on the news that the provider of security services has agreed to be acquired by Spain-based Prosegur SA Compania de Seguridad in a deal that valued the company at $28.9 million. The deal, which was announced on Tuesday, will have Prosegur paying $2.85 in cash for each Command Security share outstanding, representing a 50% premium to Tuesday's closing price of $1.90. The deal is expected to close by the fourth quarter of 2018. Craig P. Coy, the Company's CEO, said, “This is the perfect match for Command Security and a great deal for our shareholders. We believe that this merger will enable us to grow into new businesses, add broader capabilities, and deploy new resources to meet and expand our current base of business. Prosegur's management philosophy, commitment to excellence and worldwide experience and innovation match seamlessly with our strategic goals. Our entire management and operations team are excited by this new opportunity and vision for the future.”
Access RDI's Command Security Corporation Research Report at:
https://rdinvesting.com/news/?ticker=MOC
Our Actionable Research on Amazon.com, Inc. (NASDAQ: AMZN) and Command Security Corporation (NYSE: MOC) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
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