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.
Required:
a. Go to finance.yahoo.com, type in the ticker symbol for Amazon (AMZN), click on historical data, and input the dates around June 16, 2017. Specifically, see how much the stock price changed on June 16.
b. Do the same analysis for Walmart (WMT) over the same dates, which was arguably most directly affected, and see what happened to its stock price.