Amazon.Com Inc. Stock Falls Monday, Underperforms Market
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Shares of Amazon.com Inc. (AMZN) sank 0.29% to $139.98 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.07% to 4,453.53 and the Dow Jones Industrial Average rising 0.02% to 34,624.30.
This was the stock's third consecutive day of losses.
Amazon.com Inc. closed $5.88 below its 52-week high ($145.86), which the company reached on September 14th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Apple Inc. (AAPL) rose 1.69% to $177.97, Microsoft Corp. (MSFT) fell 0.35% to $329.06, and Alphabet Inc. Cl C (GOOG) rose 0.48% to $138.96.
Trading volume (40.6 M) remained 13.5 million below its 50-day average volume of 54.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 18, 2023.
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September 18, 2023 16:30 ET (20:30 GMT)
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