The $4.9 billion deal with Costco was a major coup for Amazon, which saw its stock soar by a staggering $8.43 in the first week after the deal was announced.
The news was greeted with immediate praise from investors and analysts.
The deal is a huge coup for the world’s largest online retailer, and one that is likely to further drive Amazon’s stock higher.
Costco is a major force in the online retailing world, and the company’s stock is up more than 60% this year.
The stock is the most volatile on the market and it has jumped nearly 40% this month, driven by an ongoing battle between Amazon and Walmart over the retailing business of the online giant.
Costco was able to win out over Walmart in that dispute, but both companies have been facing declining online traffic, as well as a sharp drop in consumer spending.
Amazon has been trying to sell more of its own products in an effort to drive down the cost of shipping products to consumers.
Amazon has also been working on a deal with a major online retailer in China that would allow Amazon to offer the same-day delivery to customers in other countries.