Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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. The question is if the stock market for Amazon had higher trade volume on that day than the average of the month before. Required: a. Go to finance.yahoo.com, type in the ticker symbol for Amazon (AMZN) and click on historical data to gather the data from May and June in 2017 (input May 1, 2017 as the start date and July 1, 2017 as the end date). Download the data, input your calculation of the average volume for the month prior to June 16. Then, calculate the change in percentage between the average of the period of May 15, 2017 to June 15, 2017 and June 16, 2017. b. Do the same analysis for Walmart (WMT), who was arguably most directly affected by the announcement, over the same dates (May 15 to June 15 period average compared to June 16) and see what happened to their stock price. (For all requirements, round your final answers to nearest number.) Date (Given) Trading Volume Change % a. Amazon Average of May 15 - June 15, 2017 June 16, 2017 b. Walmart Average of May 15 - June 15, 2017 June 16, 2017

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting A Managerial Emphasis 1

Authors: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan

15th Edition

0133803813, 978-0133803815

More Books

Students also viewed these Accounting questions

Question

=+4. What impediments deal with regulators?

Answered: 1 week ago