Solid News Inc. Market Update

9/6/2022 3:55 PM

The stocks of the world leader in the field of e-commerce, Inc., continue to correct and are trading around 127.00.

Quotes are under pressure after reports that the US Federal Trade Commission has launched an audit regarding several takeover deals. Thus, the acquisition of iRobot, engaged in the production of robot vacuum cleaners, cost Inc. 1.7B dollars, and the regulator intends to analyze whether it violated antitrust laws. According to experts, the ambiguity of the deal lies in increasing the market share in the retail sector. As for the acquisition in July of the health care provider One Medical for 3.49B dollars, all the necessary documents have already been provided, and there is no doubt about the legality of this purchase.

Immediate financial statements Inc. will be published on October 27, and, given the serious expansion due to purchases by small retailers, quarterly revenue may increase to 127.9B dollars. Analysts also assume that the EPS indicator will be -0.1 dollars per share, which is close to the result of Q2.

On the local chart of the asset, the downward channel continues its development, within which the price is directed towards the support line.

Technical indicators are in a state of uncertainty: the range of fluctuations of the EMA is expanding in the direction of decline, and the histogram of the AO oscillator moved into the sales zone.         

Support levels: 123.80, 114.50. | Resistance levels: 130.70, 137.20.

Find Us
First Floor, First St Vincent Bank LTD Building James Street Kingstown St Vincent and the Grenadines
Call Us
+1 415 367 3742

Solid ECN Securities is an international brand formed and authorized in Saint Vincent and the Grenadines with the registration number 1390 LLC 2021 committed to offering the best possible trading experience. Disclosure: Please note that foreign exchange and other leveraged trading involve a significant risk of loss. It is not fit for all investors and you should make sure you realize the risks involved, seeking independent advice if necessary.
Solid ECN Securities and it affiliates don't accept applications from Indonesia, Egypt, Australia, Bonaire, CuraƧao, East Timor, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, South Sudan and other restricted countries.
Copyright All Right Reserved 2023