BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Amazon Partners with FedEx for Large Package Deliveries, AMZN Stock Eyes $290
Amazon Partners with FedEx for Large Package Deliveries, AMZN Stock Eyes $290
12
3
Amazon (AMZN) stock is poised for a potential breakout as the e-commerce giant announces a multiyear partnership with FedEx for residential delivery of large packages. The agreement, described as mutually beneficial, adds FedEx to Amazon’s network of third-party logistics providers, including UPS and the US Postal Service.
FedEx shares surged 7% on the news, while AMZN has gained 13% over the past five trading days. Amazon’s stock currently trades around $212, with analysts eyeing a near-term target of $290 as the company continues to optimize its last-mile delivery capabilities.
By:
Previous
Nvidia (NVDA) Maintains Q2 Bounce: Is $230 in 2025 Possible?
Next
US Senators Urge Treasury to Exempt Unrealized Crypto Gains from Corporate Tax
