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Why Amazon Stock Was Moving Higher Today

TheMotleyFool

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Shares of Amazon (NASDAQ: AMZN) were gaining today after PayPal Holdings (NASDAQ: PYPL) announced that users of its payments app Venmo will be able to buy products on Amazon with the app starting next year.

Amazon shares were up 2.5% at the close today, while PayPal stock was down by double digits, but the latter was more a reflection of a disappointing earnings report.

Image source: Getty Images.

Source Fool.com

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