Shares of Amazon.com Inc. (AMZN) surged 2.0% toward a six-week high in afternoon trading Monday, to put them on track for a third-straight gain, despite growing public criticism over the ecommerce giant's treatment of employees. The stock has rallied 5.6% over the past three days, which would mark the best three-day performance since it rose 6.5% over three-day period ending Jan. 21. After the stock started last year with a big rally, on expectations that the company would benefit from COVID-19-related lockdown measures, the stock has languished in a relatively narrow trading range over the past nine months. Prior to the current three-day win streak, the stock closed at roughly the same level it did when it broke out to a record on July 6, 2020. The company acknowledged over the weekend ( ) that its delivery drivers can have trouble finding restrooms, after recently dismissing claims ( /) that its workers peed in water bottles so they didn't have to take bathroom breaks. Amazon's stock has lost 1.0% year to date but has rallied 69.2% over the past 12 months, while the S&P 500 has gained 8.5% this year and hiked up 63.8% over the past year.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
April 05, 2021 14:55 ET (18:55 GMT)
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