Today’s Research Reports on Stocks to Watch: Amazon and IZEA
IZEA was one of the biggest winners on Wall Street yesterday, soaring over 170% on news that it will be acquiring TapInfluence Inc. Shares of Amazon also saw gains and hit a brand new record high. The electronic commerce and cloud computing company based in Seattle, will be announcing its second quarter results on July 26th.
RDI Initiates Coverage on:
Amazon.com, Inc. shares closed up 2.37% on about 4.5 million shares traded on Thursday. The retail giant hit a brand new high of $1,798 yesterday. The company announced that it will be releasing its second quarter 2018 financial results on July 26th, 2018 after the market closes. According to a report citing two people familiar with the situation, Amazon, Providence, and Xealth, are working in collaboration on a pilot that could launch in months. The pilot, which is still under review, is to provide patients discounted easy access to the medical supplies and other goods they need via Amazon Prime. Those who do not have a Prime membership or do not want to use Amazon would still be able to access the pilot via other e-commerce providers.
Access RDI’s Amazon.com, Inc. Research Report at:
IZEA, Inc. shares were on fire in Thursday trading, closing the day up 173.65%. The stock traded over 53.5 million shares compared to an average trading volume of just about 268,000 shares. IZEA Inc. has agreed to buy fellow influencer marketer marketplace TapInfluence Inc. IZEA announced yesterday that it has reached a definitive agreement to acquire the company in a part-cash, part-stock transaction estimated at $7.08 million based on IZEA’s closing price of July 11. TapInfluence will become a wholly owned subsidiary of IZEA. TapInfluence is a leading platform and online marketplace for brands and agencies to execute influencer marketing campaigns. Per the company’s press release, the acquisition will augment IZEA’s software as a service customer base, and provide additional technology capabilities which will eventually be integrated into IZEAx. CEO of the company, Ted Murphy, commented, "We are bringing together two of the leading companies in the influencer marketing space, creating an influencer marketing offering that is unparalleled in the industry, and providing the critical mass necessary for making significant inroads on several fronts. Our goal is to provide both marketers and influencers with the best possible experience. This combination will allow us to further enhance our technology, significantly increase marketplace liquidity, and provide incredible customer service. In addition to customer benefits, the efficiencies gained from consolidating our operations will also enhance our bottom line.”
Access RDI’s IZEA, Inc. Research Report at:
Our Actionable Research on Amazon.com, Inc. (NASDAQ: AMZN) and IZEA, Inc. (NASDAQ: IZEA) can be downloaded free of charge at Research Driven Investing.
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