|Bid||63.70 x 50100|
|Ask||63.79 x 470000|
|Day's Range||63.25 - 64.00|
|52 Week Range||49.81 - 70.40|
|Beta (5Y Monthly)||0.09|
|PE Ratio (TTM)||33.23|
|Forward Dividend & Yield||1.50 (2.36%)|
|Ex-Dividend Date||Nov 22, 2021|
|1y Target Est||N/A|
Amazon.Com Inc (NASDAQ: AMZN) has sought to reverse an Indian antitrust probe injunction by disqualifying a Reuters report highlighting its preferential treatment to a small seller group and bypassing foreign investment rules, Reuters reports. The Jan. 2020 trader group complaint induced Competition Commission of India (CCI) investigation order into Amazon and Walmart Inc’s (NYSE: WMT) Flipkart was put on hold in a month following the companies’ non-evidence plea. Last month, the CCI acknowledged the report’s validation regarding the original complaint. The CCI also submitted media clippings, including the Reuters story, as part of its court submission. Amazon’s counsel refuted Reuters’ allegations and challenged the use of the story that was published months after the CCI investigation launch. Additionally, newspaper stories were not judicially acknowledged, added the Amazon counsel. Reuters’ Feb. story alleged Amazon’s preferential treatment to a small seller group, including reduced fees and special contracts with big tech manufacturers based on internal Amazon documents dated between 2012 and 2019. Amazon refuted the allegations and asserted its compliance with Indian law in the report. Price action: AMZN shares traded lower by 0.37% at $3,365.95 on the last check Friday. See more from BenzingaClick here for options trades from BenzingaTuSimple Paints Optimistic Profit Projections For 2024 Driverless Truck Launch: BloombergAmazon's Upcoming CEO Announces 0M Indian SME Investment Following Merchants Protest: Bloomberg© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Walmart's (WMT) investment in an autonomous-driving company, Cruise, will create a robust, affordable and scalable delivery ecosystem.
In the outlier year that was 2020, Walmart (NYSE: WMT) demonstrated its strength as the largest retailer in the world, filling customer orders for essentials in stores and online. Walt Disney (NYSE: DIS), on the other hand, had one of its toughest years ever as a company, and it is still climbing back from deep sales declines in several of its business segments. Walmart is the largest retailer in the world, with $560 billion in fiscal 2021 revenue, well ahead of second-place Amazon's $386 billion (about 24% of which was non-retail related revenue).