Amazon – Amazon.com Inc. stock falls Wednesday, underperforms market
Shares of Amazon.com Inc.
AMZN,
shed 2.81% to $3,232.58 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index
SPX,
falling 2.57% to 3,750.77 and Dow Jones Industrial Average
DJIA,
falling 2.05% to 30,303.17. The stock’s fall snapped a two-day winning streak. Amazon.com Inc. closed $319.67 below its 52-week high ($3,552.25), which the company reached on September 2nd.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Microsoft Corp.
(MSFT),
rose 0.25% to $232.90, Alphabet Inc. Cl A
GOOGL,
fell 4.67% to $1,818.94, and Walmart Inc.
WMT,
fell 2.49% to $143.84. Trading volume (4.6 M) eclipsed its 50-day average volume of 3.5 M.
Editor’s Note: This story was auto-generated by Automated Insights using data from Dow Jones and FactSet. See our market data terms of use.
