The online retailer expects a weak Christmas business. That puts pressure on the stock.
(Photo: dpa)
Dusseldorf The Amazon share has stopped its price decline for the time being: on Friday it closed 1.9 percent up. Previously, it had fallen seven days in a row – the longest losing streak since August 2019. Previously, investors would have seen such a setback at the world’s largest online retailer as an entry opportunity. But the stock market environment has changed.
Since the beginning of the year, the share has lost 45 percent in value, causing the stock market value to drop by $773 billion. That’s more than 495 of the 500 companies in the broad US index S&P 500 are worth. This puts one of Wall Street’s biggest success stories in jeopardy.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue