Amazon stock on track to snap longest losing streak in 3 years, for now

0
10

Shares of Amazon.com Inc. AMZN, +1.88% bounced 1.1% in premarket trading Friday, which for now puts them on track to snap a seven-session losing streak, which was the longest since it fell for eight-straight days through Aug. 5, 2019. the bounce comes as futures NQ00, -0.16% for the technology-heavy Nasdaq 100 NDX, +1.56% rose 0.6% and futures ES00, -0.18% for the S&P 500 SPX, +1.36% gained 0.6%. The ecommerce giant’s stock had plunged 25.95% over the past seven sessions, the worst seven-day performance since it plummeted 26.04% over the seven-day stretch that ended Nov. 19, 2008. Meanwhile, keep in mind that over the past four days, the stock rose at least 1% in early intraday trading, before reversing course to lose ground.

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

Previous articleThe Wall Street Journal: Warren Buffett’s Berkshire Hathaway swings to loss, stung by battered market
Next articleEarnings Outlook: AMC’s third-quarter results on deck: Will the meme-stock darling shake off concerns of a box-office slowdown?

LEAVE A REPLY

Please enter your comment!
Please enter your name here