(LO 8-1) You’re asked to figure out how the stock market responded to Amazon’s announcement on June 16, 2017, that it would purchase Whole Foods—arguably a transformational change for Amazon, Walmart, and the whole retail industry.

Go to finance.yahoo.com, type in the ticker symbol for Amazon

(AMZN), click on historical data, and find the closing stock price on June 15, 2017. How much did the stock price change to the closing stock price on June 16, 2017? What was the percentage of increase or decrease?

Do the same analysis for Walmart (WMT) over the same dates. How much did the stock price change on June 16, 2017? What was the percentage of increase or decrease? Which company was impacted the most and had the largest percentage of change?

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Company Stock Price 6/15/17 Stock Price 6/16/17 Change $ Change % A) Amazon B) Walmart