~7$/share drop in 1 day. That’s a lot of money.
What would you do?
Would you buy? I know I would. I trust the giant.
Amazon Shares Plunge, Weighing on Nasdaq – Preview
“Amazon.com shares fell 22% to a three-year low Wednesday after the online retailer posted a 58% profit decline, while the Nasdaq Composite Index drifted lower following a two-day rally”
Stock Dip on the Day | SmartMoney.com
“Amazon (AMZN: 26.56, +0.30, +1.1%), the world’s largest online retailer, disappointed analysts and investors late Tuesday. Sales incentives like discounts and free shipping drove revenues 22% higher than the year-ago period, but the costs of those sales motivators proved too great, and net income dropped 58%, causing the company to miss analysts’ estimates.”