Why Amazon (AMZN) Stock Is Trading Lower Today
What Happened? Shares of cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) fell 7.1% in the afternoon session after the company reported underwhelming fourth-quarter results: its revenue and operating income guidance for the next quarter both fell short of Wall Street's estimates.
Buy, Sell or Hold Amazon Stock at $230
Amazon (NASDAQ:AMZN) is one of the last mega-cap tech titans to pull the curtain on its quarterly numbers. And to wrap up what's been a rather muted earnings season for the Magnificent Seven, Amazon failed to impress with sluggish fourth-quarter growth numbers and a downbeat sales forecast.
Why Amazon Stock Is Sinking Today
Amazon (NASDAQ: AMZN) stock is slipping in Friday's trading. The tech giant's share price was down 4.1% as of 2:30 p.m. ET. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) was down 1%, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was down 1.
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Amazon stock is at the bottom of the Dow Friday as the e-commerce giant's soft outlook offsets a fourth-quarter beat. This is what you need to know.
Amazon Stock (AMZN) Price Prediction and Forecast 2025-2030 For February 6
Shares of Amazon (NASDAQ: AMZN) gained 1.13% on Thursday before falling off a cliff after the close despite the company reporting Q4 earnings that beat revenue and EPS expectations. The stock fell by -4.
Amazon.com, Inc. (NASDAQ:AMZN) Stake Raised by Sheets Smith Wealth Management
Sheets Smith Wealth Management raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the 4th quarter, ...
Truist cuts Amazon stock price target to $265 from $270
Truist Securities adjusted its outlook on Amazon.com (NASDAQ:AMZN) shares, reducing the price target to $265 from the ...
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Amazon (NASDAQ: AMZN) stock is up about 38% over the past year, and even though it's already the second-largest company in ...
Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by White Pine Investment CO
White Pine Investment CO increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% during the 4th quarter, according to ...