Amazon.com Inc. Stock Falls Wednesday, Underperforms Market
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Shares of Amazon.com Inc. (AMZN) slipped 1.90% to $98.70 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.65% to 3,936.97 and Dow Jones Industrial Average falling 1.63% to 32,030.11. Amazon.com Inc. closed $72.13 below its 52-week high ($170.83), which the company reached on March 29th.
The stock underperformed when compared to some of its competitors Wednesday, as Apple Inc. (AAPL) fell 0.91% to $157.83, Microsoft Corp. (MSFT) fell 0.54% to $272.29, and Alphabet Inc. Cl C (GOOGL) fell 1.53% to $104.22. Trading volume (57.0 M) remained 13.4 million below its 50-day average volume of 70.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 22, 2023.
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March 22, 2023 16:31 ET (20:31 GMT)
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