The preceding question asked you to figure out how the stock market responded to Amazon’s announcement that it would purchase Whole Foods. The question now is if the stock market for Amazon had higher trade volume on that day than the average of the month before.
Required:
a. Go to finance.yahoo.com, type in the ticker symbol for Amazon (AMZN), click on historical data, and input the dates from May 15, 2017, to June 16, 2017. Download the data, calculate the average volume for the month prior to June 16, and compare it to the trading volume on June 16. Any effect on trading volume of the Whole Foods announcement by Amazon?
b. Do the same analysis for Walmart (WMT) over the same dates and see what happened to its trading volume. Any effect on trading volume of the Whole Foods announcement by Amazon?