Amazon’s (NASDAQ:AMZN) Shares Hammered

Amazon’s (NASDAQ:AMZN) Shares Hammered

Amazon’s (NASDAQ:AMZN) Shares Hammered

$AMZN

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.

Symbol Last Trade Date Change Open High Low Volume
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)

MAGA

The following two tabs change content below.

Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

You must be logged in to post comments :  
CONNECT WITH