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Stockreport

Party City is going out of business [CNN]

Amazon.com, Inc. (AMZN)  More Company Research Source: CNN
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
CEO Barry Litwin told corporate employees Friday in a meeting viewed by CNN that Party City is “winding down” operations immediately and that today will be their last day of employment. Staff were told they will not receive severance pay, and they were told their benefits would end as the company goes out of business. “That is without question the most difficult message that I've ever had to deliver,” Litwin said at the meeting, which was held on a video conference call. Party City's “very best efforts have not been enough to overcome” its financial challenges, he added, resulting in the company's collapse. Litwin said the company struggled to contend with inflation, which sent the company's costs higher and dragged down consumer spending. “It's really important for you to know that we've done everything possible that we could to try to avoid this outcome,” Litwin said. “Unfortunately, it's necessary to commence a winddown process immediately.” Party City didn't immediately r [Read more]

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Stockreport

Party City is going out of business [CNN]

Amazon.com, Inc.  (AMZN) 
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
CEO Barry Litwin told corporate employees Friday in a meeting viewed by CNN that Party City is “winding down” operations immediately and that today will be their last day of employment. Staff were told they will not receive severance pay, and they were told their benefits would end as the company goes out of business. “That is without question the most difficult message that I've ever had to deliver,” Litwin said at the meeting, which was held on a video conference call. Party City's “very best efforts have not been enough to overcome” its financial challenges, he added, resulting in the company's collapse. Litwin said the company struggled to contend with inflation, which sent the company's costs higher and dragged down consumer spending. “It's really important for you to know that we've done everything possible that we could to try to avoid this outcome,” Litwin said. “Unfortunately, it's necessary to commence a winddown process immediately.” Party City didn't immediately r [Read more]

IMPACT SNAPSHOT
EVENT TIME:
AMZN
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


S&P 500 (SPX)

%

VOLUME RATIO
%

VOLUME (SHARES)
TICKS

AVG SHARES PER TRADE

EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS