Wednesday, January 27, 2021

Amazon (AMZN), Apple (AAPL), Acadia Healthcare (ACHC), Tiffany (TIF) Stocks Stabilized, Boeing (BA) Fell On Thursday

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Tiffany & Co. (TIF) was stable at +0.08% to $131.45. LVMH, the world’s largest luxury company, reports that New York jeweler Tiffany’s shareholders voted unanimously in favor of the revised merger agreement announced on October 29, 2020, at Wednesday’s extraordinary Tiffany meeting about LVMH’s planned takeover of Tiffany. The closing of the deal is scheduled for Thursday, January 7, 2021.

Acadia Healthcare Company, Inc. (ACHC) stabilized losing just -0.08% to conclude the final session of the year at $50.26. Acadia Healthcare has announced a binding deal to sell its UK business to Waterland Private Equity for about $1.35 billion in net proceeds from the sale.

Apple Inc. (AAPL) was down -0.77% to $132.69. The Cupertino California technology firm, on Thursday pulled 39,000 video games from its China app store to comply with the license condition imposed by local authorities on game publishers.

At final session of the year on Thursday, Amazon.com, Inc. (AMZN) took a slight dip of -0.88% to conclude trading at $3256.93. In order to strengthen itself in the digital audio market, Amazon reported on Wednesday its plan to purchase the American podcast studio Wondery. The e-commerce giant, already present in the audiobook business with Audible, did not define the volume of this purchase. The ‘WSJ’ has cited sources predicting that more than $300 million could be forked over by Amazon.

According to ‘Variety’ magazine, Wondery is one of the leading podcast production studios in the United States, and boasts over 20 million unique listeners every month. For the series Dr Death and Industry Wars, it specialized in documentaries. Wondery also reports for MSNBC, USA Today, Los Angeles Times, NBC News, and other U.S. news media.

The Boeing Company (BA) was down -1.2% to $214.06 while Airbus dropped by -1.6% to end the session at 89.78 euros. In the light of the controversy over subsidies to the aviation industry, the European Commission deplored the United States decision declaring its plan to raise the tariffs on some European goods. The conduct of Washington complicates talks, says the EC, which will approach the Biden administration in order to arrive at a solution.

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