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Stockreport

Amazon Prime Day sales off 41% first day, brand adviser says [Los Angeles Times (CA)]

Adobe Inc. (ADBE)  More Company Research Source: Los Angeles Times
Last adobe inc. earnings: 3/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: adobe.com/investor-relations.html
Some of the preliminary results are grim, raising the stakes for the event's remaining days. Momentum Commerce, which manages online sales for 50 brands in a variety of product categories and price points, said its Amazon sales plunged 41% on Tuesday when compared with the start of Prime Day last year. The prolonged event has encouraged shoppers to do more “treasure hunting,” said John Shea, Momentum's founder and chief executive officer. Consumers are browsing and loading up shopping carts, but postponing pulling the trigger in case better deals emerge. Shorter Prime Day sales generated more urgency because shoppers worried they'd miss the discounts, he said. Momentum Commerce sales over the four days could still increase 9.1% compared with last year's two-day event if more browsers make purchases in the final days, Shea said. Momentum manages sales on behalf of brands like Crocs, Beats and Therabody massagers and generates about $7 billion in annual sales on Amazon, giving th [Read more]
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Stockreport

Amazon Prime Day sales off 41% first day, brand adviser says [Los Angeles Times (CA)]

Adobe Inc.  (ADBE) 
More Company Research Source: Los Angeles Times
Last adobe inc. earnings: 3/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: adobe.com/investor-relations.html
Some of the preliminary results are grim, raising the stakes for the event's remaining days. Momentum Commerce, which manages online sales for 50 brands in a variety of product categories and price points, said its Amazon sales plunged 41% on Tuesday when compared with the start of Prime Day last year. The prolonged event has encouraged shoppers to do more “treasure hunting,” said John Shea, Momentum's founder and chief executive officer. Consumers are browsing and loading up shopping carts, but postponing pulling the trigger in case better deals emerge. Shorter Prime Day sales generated more urgency because shoppers worried they'd miss the discounts, he said. Momentum Commerce sales over the four days could still increase 9.1% compared with last year's two-day event if more browsers make purchases in the final days, Shea said. Momentum manages sales on behalf of brands like Crocs, Beats and Therabody massagers and generates about $7 billion in annual sales on Amazon, giving th [Read more]
IMPACT SNAPSHOT
EVENT TIME:
ADBE
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS