Amazon Stock Climbs: What's Going On?

Amazon.com Inc (NASDAQ:AMZN) shares are rising Tuesday. The company unveiled new Ring products and announced dates for its Black Friday and Cyber Monday deals. Here’s what you should know.

• Amazon.com stock is moving in positive territory. Why is AMZN stock advancing?

Amazon Stock Rises On Ring Drone and Robot Launch

Amazon’s home security arm, Ring, rolled out a pair of devices Tuesday, according to CNBC: a small camera that flies around inside a home and a wheeled robot that patrols workplaces. Ring’s $250 Drone Cam hovers down hallways and upstairs, and it films in light or dark.

A tripped detector or alarm on any door, window or security gadget sends the drone along a programmed path to look into the problem. Battery life allows flights of about eight minutes, then the drone steers itself back to its dock to recharge.

Companies get a repurposed version of Amazon’s Astro robot in the $1,000 Ring Rover Cam, which rolls through workplaces such as offices and warehouses on patrol. It adds a siren, a speaker-microphone pair and an upward light beam that marks its position.

Deliveries of the robot start December 16. The drone reaches U.S. customers January 27 if the Federal Communications Commission approves it.

Jamie Siminoff, Ring’s chief executive, said one device can watch several rooms. “People like indoor cameras, but they don’t necessarily want them everywhere around their home,” Siminoff said. Both products start in privacy mode and light an LED while recording, and Siminoff said federal aviation rules keep the drone indoors.

Amazon Sets Black Friday and Cyber Monday Deal Dates

Separately, Amazon said its holiday sales run November 19 through 30, with millions of markdowns from brands such as Stanley, Le Creuset, Google and HP. Themed deals arrive daily for 12 days, with two drops on Black Friday and two more on Cyber Monday, timed for 12 a.m. and 8 a.m. Pacific, with savings reaching 60%.

Amazon also promotes its AI helper, Alexa for Shopping, and live Prime Video sports with shoppable overlays. Worldwide Amazon Stores chief Doug Herrington said, “customers count on Amazon for low prices and great selection every day.”

AMZN Shares Are Rising

AMZN Price Action: Amazon.com shares were up 1.61% at $271.24 at the time of publication on Tuesday, according to Benzinga Pro.

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