Amazon’s stock heads for best close in 17 months as healthcare moves draw praise

Morningstar September 15, 2023
Provided by Dow Jones, by Emily Bary

Amazon just added a new board member with healthcare expertise

Amazon.com Inc. just added a new board member with healthcare expertise, and that’s fueling optimism for its stock.

The company announced late Wednesday that Brad D. Smith, a former Intuit Inc. (INTU) chief executive and current Humana Inc. (HUM) director, would be joining Amazon’s (AMZN) board of directors.

The appointment is “indicative of the company taking another step towards advancing its healthcare related efforts,” DA Davidson analyst Tom Forte said in a note to clients. Add in Smith’s Intuit background, and his arrival on the board “is likely consistent with the company’s view that it intends to exploit the healthcare opportunity through an emphasis on its acumen in technology.”

Forte...

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