Instacart, Kroger, and Albertsons are among the decliners after Amazon dives further into grocery delivery

Amazon’s (NASDAQ:AMZN) aggressive push to expand same-day grocery deliveries to over 3,300 cities in the U.S. has caught the attention of traders. Notably, customers will be able to order perishable items such as produce, dairy, meat, seafood, and baked goods, in addition to frozen foods and household items. Amazon (NASDAQ:AMZN) said the service complements its existing grocery delivery offerings, including Amazon Fresh, Whole Foods Market, and various local grocery and specialty retailers. The plan is to continue expanding the delivery capability to additional cities and towns through 2026.

The biggest decliner off the news in Wednesday trading appears to be Instacart (CART), with a 11.5% swing lower in early action.

Other grocery-related stocks in negative territory include Kroger (KR) -4.5%, BJ’s Wholesale Club (BJ) -4.4%, Albertsons Companies (ACI) -3.3%, Sprouts Farmers Market (SGM) -3.0%, DoorDash (DASH) -2.7%, Target (TGT) -2.2%, Natural Grocers by Vitamin Cottage (NGVC) -2.0%, Dollar General (DG) -2.0%, Weis Markets (WEIS) -1.5%, Costco Wholesale (COST) -1.3%, and Grocery Outlet Holdings (GO) -1.1%.

Retail giant Walmart (WMT) edged 1.0% lower on a day that the broad stock market was showing gains. As for Amazon (AMZN), the stock is up 1.1% as investors weigh the potential for the company to make its Prime business even more appealing against the potential for margin pressure as the program scales up.