Amazon enters its third straight day of losses

Business


Amazon entered its third straight day of losses down as much as 3.5 percent at the open. It was down about 26 percent for the month of October as of Tuesday morning.

The stock been on a steady decline since Thursday when it missed revenue estimates and delivered disappointing fourth quarter guidance.

At Monday’s close, Amazon shed $103.93 or 6.3 percent. The stock was trading at its lowest rate since April after suffering its biggest two-day loss since February 2014 at 13.7 percent



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