Why Amazon Shares Rose 13% in June

Amazon.com (NASDAQ: AMZN) shares rose 13% in June, according to data provided by S&P Global Market Intelligence.

The retail giant has been a top performer this year even as the coronavirus pandemic led to a market crash in March. Amazon stood out early in the crisis as a stock to buy as consumers stockpiled their pantries with essentials and opted for online shopping. That led to more and more demand at Amazon -- so much that in March and April Amazon hired at least 175,000 people to work in order fulfillment and delivery.

Image source: Getty Images.

Continue reading

Source Fool.com