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AMZN is down 9%
- mercury888 12y agoWhy?
- colanderman 12y agohttp://www.valuewalk.com/2014/04/amazon-com-inc-amzn-downgraded-by-raymond-james/ http://www.valuewalk.com/2014/04/amazon-com-inc-amzn-downgra...
- hyperbovine 12y agoBecause they didn't make any money according to their earnings report. Then their stock takes a dive, then the bulls jump in, the stock recovers, and we all go on our merry way. Rinse, wash and repeat once per quarter.
- industrialwaste 12y agoAccording to this news article, it's because they reported solid revenues but weak earnings on their quarterly report. http://www.valuewalk.com/2014/04/amazon-com-inc-amzn-downgraded-by-raymond-james/ http://www.valuewalk.com/2014/04/amazon-com-inc-amzn-downgra...
- acchow 12y agoS&P 500 and Dow each down almost 1% today. A down day, but high tech got hit hard: Facebook down 5% Twitter down 7% Tableau down 6.5% Yelp down 7.5% Reported earnings haven't been great, and the stocks are tumbling down in reaction to the reports (or in preparation for upcoming reports).
- hatred 12y agoFb would be a notable exception to this theory though.
- peterbraden 12y agoOr as I prefer to think of it: SALE! 10% off AMZN, for 1 day only!
- dataminer 12y agoStill too expensive, FB, AAPL, are much better alternatives.