Amazon shares are cratering — down 8% today, down 25% in the past three weeks

Amazon shares are cratering — down 8% today, down 25% in the past three weeks

6 years ago
Anonymous $ZPWJA6-QD2

https://www.cnbc.com/2018/10/29/amazon-is-on-pace-for-its-biggest-two-day-drop-since-2011.html

Amazon shares plunged 8 percent on Monday and were headed for their steepest two-day tumble in seven years, as investors continued to flee the stock following Thursday's disappointing earnings report.

The stock dropped $132.72 to $1,510.00, after losing $139.36, or 7.8 percent, on Friday, and is trading at its lowest price since April. The 15-percent drop over two days is the biggest since late October 2011, when the shares plummeted 17 percent. Overall, shares have lost more than 25 percent since peaking on Sept. 24.