Amazon’s (NASDAQ:AMZN) Shares Hammered
Shares of Amazon.com (NASDAQ:AMZN) fell 6% Monday wiping out another $45-B in market capitalization after US President Donald Trump again attacked the online retail giant over the pricing of its deliveries through the United States Postal Service and promised unspecified changes.
“Only fools, or worse, are saying that our money losing Post Office makes money with Amazon,” President Trump Tweeted.
“They lose a fortune, and this will be changed. Also, our fully tax paying retailers are closing stores all over the country…not a level playing field!”
President Trump has been vocal about his opposition to Amazon’s use of the postal service and Monday’s Tweet adds to investor worries that the company could see more regulation.
Amazon did not immediately respond to requests for a comment.
|NASDAQ:AMZN||1363.46||2 April 2018||-83.88||1417.62||1421.36||1360.3||7,945,508|
|HeffX-LTN Analysis for AMZN:||Overall||Short||Intermediate||Long|
|Neutral (0.09)||Neutral (-0.13)||Neutral (0.03)||Bullish (0.38)|