November 26, 2018 / 2:07 PM / 23 days ago

Amazon: Eyes best day in nearly three weeks as Cyber Monday begins

FILE PHOTO: Employees work at packing stations on the main floor at the Amazon fulfillment center in Kent, Washington, U.S., October 24, 2018. REUTERS/Lindsey Wasson/File Photo

** E-commerce giant’s shares up 2.1 pct premarket at $1533 as Cyber Monday kicks off - set for best day in nearly three weeks if gains hold

** Stock also set for sixth session of gains this month

** Cyber Monday expected to be the largest U.S. online shopping day in history yielding $7.8 bln in sales or 17.6 pct growth over last year, according to Adobe Analytics

** This follows Black Friday which saw online sales jump more than 23 pct, crossing $6 bln, while online sales surpassed $3.7 bln on Thanksgiving, according to Adobe Analytics

** Online retailer EBay Inc also up ~2 pct before the opening bell

** Up to Friday’s close, AMZN up 28 pct YTD

Reporting by Arjun Panchadar in Bengaluru

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below