TradingView
FX_Professor
May 26, 2021 3:53 PM

Will the MGM deal push AMAZON higher? Long

Amazon.com, Inc.NASDAQ

Description

Amazon is buying MGM Studios for $8.45 billion, the companies announced Wednesday, marking Amazon’s most ambitious move yet into the entertainment business.
The deal is Amazon’s second-largest acquisition. It paid $13.7 billion for Whole Foods in 2017.

What do you think? Will this deal push AMAZON higher towards the 4,000$ mark?


Most likely will,

the FXPROFESSOR
More