tl;dr
The European Commission's legal service initially opposed sending a warning to Amazon (NASDAQ: AMZN) over its planned $1.4 billion deal for iRobot (NASDAQ: IRBT), leading to a 1% rise in iRobot's shares. However, the legal service later changed its opinion, supporting antitrust officials' decision t...
The European Commission's legal service initially opposed sending a warning to Amazon (NASDAQ: AMZN) over its planned $1.4 billion deal for iRobot (NASDAQ: IRBT), leading to a 1% rise in iRobot's shares. However, the legal service later changed its opinion, supporting antitrust officials' decision to file a charge sheet about concerns on the combination, following a Reuters report. This development came after iRobot shares plummeted 17% on Monday when the European Commission issued a warning about the Amazon deal, which had previously seen a 40% surge after being set to get unconditional approval from the European regulator. The EC now has until Feb. 14 to make a final decision on the deal, following an in-depth review into Amazon's purchase of the robot vacuum cleaner maker. Additionally, iRobot received a second request from the Federal Trade Commission last September to do a more in-depth review of the Amazon deal. Amazon confirmed it filed substantial compliance with the FTC's second request in June.
More about Amazon.com Inc
Amazon.com Inc is a leading company in the e-commerce, cloud computing, and digital streaming sectors, and is considered one of the most influential economic and cultural forces in the world. The stock has a market capitalization of 1.52 trillion and a current price of 172.94. The stock has shown a bullish trend, with a 1.91% increase in the last trading session. The Relative Strength Index (RSI) is at 53.95, indicating a neutral sentiment in the market. The stock is currently trading above its 50-day and 200-day moving averages, suggesting a positive outlook. However, it's important to note that past market behavior is not always a reliable indicator of future performance, and there may be risks and uncertainties associated with investing in this stock.
More about iRobot Corporation
iRobot Corporation is a manufacturer of household appliances, specializing in the design, manufacture, and sale of robots in various international markets. The company has reported a total revenue of $988,671,000 and a net income of -$11.81 per share. The stock has shown a performance of 56.52 and a market cap of $1,564,987,000. Despite these metrics, the stock has experienced a decline of -0.37 and a negative sentiment with a bearish trend of -0.331. It is important to consider the potential risks and uncertainties associated with these numbers, as past market behavior may not be indicative of future performance.
More about iRobot Corporation
iRobot Corporation is a manufacturer of household appliances, with a market capitalization of 988.67 million. The stock has experienced a 11.81% decrease in performance, currently trading at 56.52. The company has shown a positive return on equity of 1.94% and has a trading volume of 1,564,987,000. The stock is currently trading at 42.47, showing a decrease of 0.37 or -0.331%. Market sentiment may be cautious due to the recent decrease in stock performance, and potential risks and uncertainties should be considered.
Disclaimer:
This is not financial advice. Please do your own research before investing in any asset.