Amazon.com Inc. Stock Falls Friday, Underperforms Market
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Shares of Amazon.com Inc. (AMZN) shed 0.59% to $98.13 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.56% to 3,970.99 and the Dow Jones Industrial Average rising 0.41% to 32,237.53. Amazon.com Inc. closed $72.70 short of its 52-week high ($170.83), which the company reached on March 29th.
The stock underperformed when compared to some of its competitors Friday, as Apple Inc. (AAPL) rose 0.83% to $160.25, Microsoft Corp. (MSFT) rose 1.05% to $280.57, and Alphabet Inc. Cl C (GOOGL) fell 0.19% to $106.06. Trading volume (55.7 M) remained 14.4 million below its 50-day average volume of 70.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 24, 2023.
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March 24, 2023 16:31 ET (20:31 GMT)
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