4 ms·

Why?

• colanderman 12y ago
  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...
• hyperbovine 12y ago
  Because 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 ago
  According 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 ago
  S&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 ago
    Fb would be a notable exception to this theory though.