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Why Amazon Stock Was Falling Today

TheMotleyFool

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Why Amazon Stock Was Falling Today: https://g.foolcdn.com/editorial/images/748448/amazon-van.jpg

Shares of Amazon (NASDAQ: AMZN) were moving lower today as several news items seemed to combine to weigh on the stock.

One analyst cut their profit estimates for the fourth quarter. The company reversed plans for a new fee it was going to charge to third-party merchants, and Wall Street seemed underwhelmed with the company's device presentation yesterday.

As of 12:27 p.m. ET, the stock was down 3.5%.

Source Fool.com

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