Stocks
Amazon Stock Drops 2.16% as Technical Analysis Remains Positive
Amazon's stock price plummeted by -2.16% on Thursday, August 20th, dropping from $265.84 to $260.11.
The decline marked the seventh time in ten days that Amazon's share price has fallen, with a total drop of -4.46% over this period.
Despite the downturn, Citigroup gave Amazon a 'Market Outperform' grade with a 'hold' action just six days prior, on August 14th.
The technical analysis suggests that Amazon is in a wide and weak rising trend in the short term, but still expects the stock to rise by 3.71% over the next three months.