Shares of Amazon.com, Inc. (AMZN) are higher by nearly 1% to $668.80 in morning trading on Monday after the Seattle-based e-commerce giant said its 21st holiday was a record-breaker. During the third week of December, Amazon.com said it saw over 3 million new Prime members join, raising the total membership figure to tens of millions.
“This was another great holiday season to be a Prime member, and we welcomed three million new members in the third week of December alone,” commented Jeff Bezos, Founder and CEO of Amazon.com. “Over 200 million more items shipped for free with Prime this holiday, and members doubled their viewing hours of Prime Video compared to last year with the Amazon Original Series The Man in the High Castle leading the way as the most watched TV season ever on Prime Video. On behalf of Amazon employees around the world, we wish everyone happy holidays and the very best for the coming year.”
Apple Inc. (AAPL) shares lost 1.12% to $106.82 in early trading after the tech giant said in a court filing that Samsung still owes Cupertino about $180 million in supplemental damages and interest. Samsung over a week ago paid Apple over $548 million for infringing the patents and designs of the iPhone, according to Reuters.
Shares of Alphabet Inc. (GOOG) are feeling a boost today on the back of a positive article in this weekend’s edition of Barron’s. The publication notes that YouTube is twice more valuable than Netflix (NFLX), and that the search giant’s stock has a good chance of jumping 30% to more than $1,000 in FY2016. After closing last week at $748.40, GOOG is up about 7 points to $755 and change today.
Chimerix, Inc. (CMRX) shares tumbled 79% in early trade Monday after the company said that top-line results from its Phase 3 Suppress trial of Brincidofovir — an oral antiviral drug for the treatment of a certain kind of infection in stem cell transplant patients — did not achieve the main goal.