Amazon launches logistics service for businesses, boosting stock near 52-week high.

Amazon announced the launch of Amazon Supply Chain Services, allowing businesses to use its extensive logistics network. This move aims to improve supply chain speed and reliability for companies like Procter & Gamble and 3M. Amazon's stock rose 1.18% to $271.36, trading near its 52-week high of $273.88, supported by strong momentum but showing signs of being overbought. Analysts maintain a Buy rating with price targets around $312, anticipating strong earnings growth in the upcoming report due July 30.