Amazon Stock Drops Amid Cautious Analysts

Amazon's stock price plummeted by -2.02% on Tuesday, September 15th, dropping from $253.54 to $248.42. This decline marks the seventh time in the last ten days that Amazon's stock has fallen, with a total decrease of -4.37% over this period.

The company's shares saw an increase of 2 million on Tuesday, but it was not enough to offset the falling prices. The total trading volume for the day reached approximately $8.82 billion, with 36 million shares bought and sold.

Wells Fargo had recently given Amazon a 'Overweight' grade with a 'hold' action on September 3rd. Despite this, the stock is expected to rise by 9.79% in the next three months, with a predicted price range between $264.29 and $325.87.