Amazon.Com Inc. Stock Falls Friday, Underperforms Market
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Shares of Amazon.com Inc. (AMZN) shed 2.99% to $140.39 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.22% to 4,450.32 and Dow Jones Industrial Average falling 0.83% to 34,618.24.
This was the stock's second consecutive day of losses.
Amazon.com Inc. closed $5.47 below its 52-week high ($145.86), which the company achieved on September 14th.
The stock underperformed when compared to some of its competitors Friday, as Apple Inc. (AAPL) fell 0.42% to $175.01, Microsoft Corp. (MSFT) fell 2.50% to $330.22, and Alphabet Inc. Cl C (GOOG) fell 0.50% to $138.30.
Trading volume (99.8 M) eclipsed its 50-day average volume of 52.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 15, 2023.
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September 15, 2023 16:30 ET (20:30 GMT)
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