Personnel at Amazon.com Incs (AMZN) main hub in Italy intend to go on strike for the first time ever on Friday along with workers at six Amazon warehouses in Germany, according to trade unions.
Amazon shares closed higher for a second consecutive trading session on Wednesday. It has also been the sharpest daily surge since November 3rd. The stock went up 1.46% ($16.67) to $1,156.16, after touching an intraday high at $1,160.25 and also a fresh all-time high.
In the week ended on November 19th the shares of the e-commerce giant added 0.40% to their market value compared to a week ago, which marked a fourth consecutive period of gains.
The stock has extended its advance to 4.60% so far during the current month, following a 14.97% surge in October. The latter has been the best monthly performance since October 2015.
For the entire past year, the shares of the NASDAQ-listed company rose 10.95%. The stock has gained another 54.18% so far in 2017.
Over 500 workers at Amazons Piacenza hub agreed to go on strike on Black Friday, as they did not manage to negotiate bonuses with the e-commerce company.
Trade unions also said that employees intended not to work overtime until December 31st, thus, covering the retailers busiest shopping period of the year.
Almost 1 600 people are permanently employed at Amazons Piacenza hub.
In a response, Amazon noted that its employees remuneration packages were among the most generous in the logistics industry and included benefits such as private medical insurance among others.
The company also said it would ensure deliveries remain on schedule on Black Friday.
Meanwhile, the Verdi trade union in Germany said Amazon staff would go on strike today at six distribution centers across the country due to a still unresolved dispute over wages and work conditions.
According to CNN Money, the 41 analysts, offering 12-month forecasts regarding Amazon.com Inc’s stock price, have a median target of $1,250.00, with a high estimate of $1,430.00 and a low estimate of $980.00. The median estimate is an 8.12% surge compared to the closing price of $1,156.16 on November 22nd.
The same media also reported that 37 out of 46 surveyed investment analysts had rated Amazon.com Inc’s stock as “Buy”, while 4 – as “Hold”.
Daily and Weekly Pivot Levels
With the help of the Camarilla calculation method, todays levels of importance for the Amazon stock are presented as follows:
R1 – $1,157.89
R2 – $1,159.62
R3 (Range Resistance – Sell) – $1,161.34
R4 (Long Breakout) – $1,166.53
R5 (Breakout Target 1) – $1,172.58
R6 (Breakout Target 2) – $1,175.25
S1 – $1,154.43
S2 – $1,152.70
S3 (Range Support – Buy) – $1,150.98
S4 (Short Breakout) – $1,145.79
S5 (Breakout Target 1) – $1,139.74
S6 (Breakout Target 2) – $1,137.07
By using the traditional method of calculation, the weekly levels of importance for Amazon.com Inc (AMZN) are presented as follows:
Central Pivot Point – $1,130.47
R1 – $1,139.31
R2 – $1,148.74
R3 – $1,157.58
R4 – $1,166.42
S1 – $1,121.04
S2 – $1,112.20
S3 – $1,102.77
S4 – $1,093.34
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