Amazon breaks record for ‘Turkey 5’ sales, while stock tumbles 31% amid 4-month losing streak

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Amazon.com Inc. AMZN, -0.15% said Wednesday that the latest “Turkey 5” holiday shopping weekend, from Thanksgiving through Cyber Monday, was its biggest ever, with “hundreds of millions” of products purchased over that time. The company said the best-selling categories were home, fashion, toys, beauty and Amazon devices. The best selling items were Echo Dot, Fire TV Stock and Apple Inc.’s AAPL, +0.40% Apple AirPods. Other top sellers included Hasbro Gaming Connect 4, Burt’s Bees Christmas Gifts, Champion branded apparel and New Balance branded apparel and shoes. Amazon’s “record-breaking” holiday shopping weekend comes after reports that overall Black Friday and Cyber Monday sales also broke records. Amazon’s stock gained 0.3% in morning trading, but has dropped 9.6% in November. The stock has tumbled 31.3% amid a four-month losing streak, while the S&P 500 SPX, -0.19%, which was headed for a second-straight monthly gain, has lost 4.2% over the past four months.

This article was originally published by Marketwatch.com. Read the original article here.

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