Amazon.com, Inc. (NASDAQ:AMZN) [Trend Analysis] retains strong position in active trade, as shares scoring 2.57% to $759.36 in a active trade session, while looking at the shares volume, around 4.3 Million shares have changed hands in this session. Amazon (AMZN) introduced that its Launchpad initiative in the US last year. At that point, the retail giant had partnered with over 25 crowdfunding platforms like Indiegogo, apart from venture capital firms, helping startups offer their products to the world on a platform as well-known as Amazon. The company would be in charge of inventory and order fulfilment, as well as customer service to an extent.
Now, Amazon has launched the platform in India, however, in a slightly different form.The US-based retail giant has partnered with Department of Industrial Policy and Promotion’s (DIPP) Start Up India initiative, as well as NASSCOM 10,000 Startups, and Indian Angel Network (IAN), amongst others accelerator and incubator programmes, with the aim of identifying and enrolling startups that can showcase their products on Amazon Launchpad.
The company has also named a few strategic partners for the initiative, namely NITI Aayog, Government of Maharashtra, Government of Telangana, and TiE. The firm has institutional ownership of 65.40%, while insider ownership included 17.10%. AMZN attains analyst recommendation of 1.90 with week’s performance of -0.97%. Investors looking further ahead will note that the Price to next year’s EPS is 87.44%.
Shares of Vornado Realty Trust (NYSE:VNO) [Trend Analysis] swings enthusiastically in regular trading session, it a gain of 1.10% to close at $100.35. Vornado Realty Trust (NYSE:VNO) announced that it has completed a $400 million refinancing of 350 Park Avenue, a 571,000 square foot Manhattan office building. The ten-year interest-only loan matures in January 2027 and has a fixed rate of 3.92%.
The Company realized net proceeds of approximately $111 million after repaying the existing 3.75% $284 million loan and closing costs. Vornado Realty Trust is a fully integrated equity real estate investment trust. Moving forward to saw long-term intention, the experts calculate Return on Investment of 5.10%. The stock is going forward its fifty-two week low with 29.72% and lagging behind from its 52-week high price with -6.44%. VNO last month stock price volatility remained 2.41%.