Amazon Deal With
Velodyne Lidar stock continued to skyrocket early Tuesday after a regulatory filing Monday night showed a wholly owned Amazon (AMZN) subsidiary has received warrants to purchase nearly 40 million Velodyne shares.
According to the terms, Amazon will be able to appoint an observer to the lidar maker's board once its holdings exceed 12.3 million shares. The e-commerce giant could acquire up to 39,594,032 Velodyne shares.
Honestly worth to check out, Possibly to fill part of the gap up after the sell off. Price action will be the main indicator.
#amazon #VLDR #selfDriving