Amazon.com Inc. stock rises Wednesday, still underperforms market
Shares of Amazon.com Inc.
inched 0.34% higher to $3,585.20 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
rising 0.82% to 4,358.69 and the Dow Jones Industrial Average
rising 0.83% to 34,798.00. This was the stock’s second consecutive day of gains. Amazon.com Inc. closed $187.88 below its 52-week high ($3,773.08), which the company reached on July 13th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as eBay Inc.
rose 0.42% to $69.86, Alphabet Inc. Cl A
rose 1.06% to $2,550.98, and Walmart Inc.
fell 0.49% to $141.17. Trading volume (2.3 M) remained 957,000 below its 50-day average volume of 3.2 M.