When is Amazon Prime Day and what does it mean for Amazon stock?

0

When is Amazon Prime Day and what does it mean for Amazon stock?

Ad disclosure

Invezz is an independent platform with the goal of helping users achieve financial freedom. In order to fund our work, we partner with advertisers who compensate us for users that Invezz refers to their services. While our reviews and assessments of each product on the site are independent and unbiased, brands may pay to appear higher up our table rankings or place ads in specific areas of the site. The order in which products and services appear on Invezz does not represent an endorsement from us, and please be aware that there may be other platforms available to you than the products and services that appear on our website. Read more about how we make money >

By:

Wajeeh Khan

on
Jun 16, 2022

Amazon.com Inc will host its “Prime Day” this year on July 12th and 13th.

Prime members will enjoy early access to exclusive deals from June 21st.

AMZN tends to generate better returns in the days following the annual sale.

Amazon.com Inc (NASDAQ: AMZN) will host its “Prime Day” this year on July 12th and 13th. The annual sale will commence at 3 a.m. Eastern Time and will last for 48 hours.

Prime Day is a big deal for eCommerce

It’ll be the first time that Poland and Sweden will also participate in the big event. Amazon will host Prime Day in the United Arab Emirates, Saudi Arabia, and India as well, but at a later date.


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

As always, Prime members will enjoy early access (from June 21st) to exclusive deals, including deep discounts (up to 55%) on a list of Amazon devices like the Echo Show 5 or the Fire TV.

Prime Day is a huge deal for eCommerce. Last year, total digital sales in the 48-hour window hit a new record of $11.2 billion – about 65% of which came from the United States alone.

What Prime Day means for the Amazon stock

Interestingly, Prime Day is an exciting phenomenon for the Amazon stock price as well. Buying AMZN at the start of the annual sale and holding it briefly tends to generate better-than-average returns.

For instance, taking a position in Amazon shares on the first day of the big event and holding it for close to a month returned, on average, 6.62% versus a much lower 3.95% only for any other 20-day period, as per an Investopedia report published in 2020.

Some sellers also use Prime Day to create brand awareness. AMZN is down 5.0% on Thursday.

Invest in crypto, stocks, ETFs & more in minutes with our preferred broker,
Capital.com

9.3/10

75.26% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Visit site

Industries


North America


Retail


Stocks & Shares


Technology


USA


World

Generated by Feedzy