Blake Krikorian Leaves Amazon (NASDAQ:AMZN) Board to Take Up Role in Acquirer of Startup – AMZN, AAPL, BKS, M, WAG, TJX, SIRI, RAD, NWSA

An entrepreneur and investor Blake Krikorian has departed from the Inc (NASDAQ:AMZN) board almost a year and a half after joining to take up an unspecified responsibility at the buyer of a corporation he owned.

Amazon reported in a filing on Friday that Silicon Valley based Blake Krikorian, known for co-founding Sling Media in 2004, stated at the front of rest of the world’s biggest retail store chain’s board on Wednesday of his intention to leave.

Spokesperson Ty Rogers further reported that the serial entrepreneur has sold a corporation and leave in order to take up a role at the acquirer. He did not mention the name of buyer.

The Wall Street Journal announced previous week that Krikorian’s year-old startup was in takeover talks with Amazon competitors Apple Inc (NASDAQ:AAPL), Google Inc (NASDAQ:GOOG) and Microsoft Corp (NASDAQ:MSFT).

Its competitors include Apple Inc. (NASDAQ:AAPL) that slipped -1.06% to $509.59 with the total traded volume of 12.65 million shares and Barnes & Noble, Inc. (NYSE:BKS) that increased +4.32% to $14.97 with the total traded volume of 5.49 million shares.

Other Services stocks with bullish trend include Macy’s, Inc. (NYSE:M) up +0.76% to $37.36, Walgreen Company (NYSE:WAG) up +0.03% to $36.54 and The TJX Companies, Inc. (NYSE:TJX) up +0.22% to $41.62, whereas with bearish trend include Sirius XM Radio Inc (NASDAQ:SIRI) down -0.52% to $2.89, Rite Aid Corporation (NYSE:RAD) down -3.47% to $1.39 and News Corp (NASDAQ:NWSA) down -1.12% to $24.61., Inc. (NASDAQ:AMZN) decreased -1.26% or -$3.13 to close the trading at $245.18 following it hit intraday high level of $247.44. The total traded volume in the previous trading session was 1.86 million shares as compared to average 3.22 million shares. Its fifty two week trading range was $172.00 – $264.11. The total market capitalization reached $111.06 billion.

The stock price was ahead its 52 week low price with +46.84% and it lagged behind -7.17% from its 52 week maximum mark. Stock price volatility for last month remained 1.98%. In its share capital, the company has 452.96 million outstanding shares out of which 364.52 million shares have been floated in the market. For now, stock ownership with company’s management remained 19.35%.

AMZN presented a pessimistic weekly performance of -6.24% with respect to its rate of return and it remained -0.78% for the month. However, the performance for a quarter experienced a negative change of -1.80% and it surged +39.09% for a year and its year to date performance remained in green with +41.64%.

Current stock price is in the downbeat territory taking into account of 20 days moving average with -3.16% and continued positively run for 50 days moving average with +1.36%. Its earning per share for the past twelve months was $0.07. Company’s beta coefficient was at 0.93. Beta measures the amount of market risk associated with market trade.

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