Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Amazon.com Stock Is Still Falling

TheMotleyFool

0 0

For four long trading days in a row last week, shares of e-commerce giant Amazon.com (NASDAQ: AMZN) went nowhere but down. And Monday's news isn't looking likely to change that trend for the better.

An article on StreetInsider Monday morning revealed that investment banking advisory firm Evercore ISI had cut its price target on Amazon by $20 to $150 a share -- though it did maintaining its outperform rating on the stock.

Traders responded to that move by bidding the shares down by 2.8% to around $85.40 as of 12:54 p.m. ET.

Source Fool.com

Like: 0

AMZN

Share