Amazon.com Inc. stock falls Tuesday, underperforms market

By adminAugust 8, 2023 7:45 pm EDT0 ViewsNo Comments

Shares of Amazon.com Inc.
AMZN,
-1.60%
slipped 1.60% to $139.94 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index
SPX,
-0.42%
falling 0.42% to 4,499.38 and Dow Jones Industrial Average
DJIA,
-0.45%
falling 0.45% to 35,314.49.

The stock’s fall snapped a three-day winning streak.

Amazon.com Inc. closed $6.63 short of its 52-week high ($146.57), which the company achieved on August 16th.

The stock underperformed when compared to some of its competitors Tuesday, as Apple Inc.
AAPL,
+0.53%
rose 0.53% to $179.80, Microsoft Corp.
MSFT,
-1.23%
fell 1.23% to $326.05, and Alphabet Inc. Cl C
GOOG,
-0.08%
fell 0.08% to $131.84.

Trading volume (51.5 M) remained 8.7 million below its 50-day average volume of 60.2 M.

Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

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