Jabil shares gain as Amazon obtains warrant to purchase 1.16 million shares By Investing.com

📈 Stock Markets

Investing.com — Jabil, a manufacturing services firm, announced that it has issued a warrant to Amazon.com (NASDAQ:). This warrant allows Amazon to buy up to 1.16 million shares in the company, leading to a rise in Jabil’s stock price by as much as 4.3%.

The initial exercise price for the shares has been set at $137.77 each. This price is based on the volume-weighted average price of Jabil’s shares over the previous 30 trading days.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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