Amazon Stock Got Hit With Rare Downgrade. Here’s Why.

Oct 7, 2024 · On the stock market today, Amazon stock fell more than 3% to close at 180.80. Amazon stock has gained 19% year-to-date including Monday's action, slightly behind a 20% …

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Amazon Stock Got Hit With Rare Downgrade. Here’s Why.

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Oct 7, 2024 · On the stock market today, Amazon stock fell more than 3% to close at 180.80. Amazon stock has gained 19% year-to-date including Monday's action, slightly behind a 20% …

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Amazon Stock Falls After Rare Downgrade. Watch Out For These

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On the stock market today, Amazon stock fell more than 3% to close at 180.80. Amazon stock has gained 19% year-to-date including Monday's action, slightly behind a 20% gain for the …

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Amazon (NASDAQ:AMZN) Stock Falls 3% On Rare Analyst …

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Oct 7, 2024 · Shares of Amazon (AMZN) are down 3% after the e-commerce giant’s stock was hit with a rare analyst downgrade. Wells Fargo (WFC) analyst Ken Gawrelski downgraded …

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Amazon (NASDAQ:AMZN) Stock Falls 3% On Rare Analyst …

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The downgrade of AMZN stock is extremely rare and comes at a time when many other analysts are revising up their ratings and price targets on the company’s shares. On the same day that …

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Why Amazon (AMZN) Stock Is Down Today - Yahoo Finance

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Nov 15, 2024 · Shares of cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) fell 3.5% in the morning session after the major indices declined, with the Nasdaq down 1.9%, …

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Why Amazon Stock Dropped Early Today - Yahoo Finance

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Oct 7, 2024 · Amazon (NASDAQ: AMZN) stock slipped 2.7% through 10:20 a.m. ET Monday morning after Wells Fargo analyst Ken Gawrelski downgraded the stock from overweight to …

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Why Amazon Stock Dropped Early Today - Nasdaq

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Oct 7, 2024 · Amazon (NASDAQ: AMZN) stock slipped 2.7% through 10:20 a.m. ET Monday morning after Wells Fargo analyst Ken Gawrelski downgraded the stock from overweight to …

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Amazon Stock Downgrade By Wells Fargo: A Bearish Signal On

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Oct 8, 2024 · Wells Fargo's downgrade marks a rare moment of skepticism toward Amazon, with Gawrelski stating, “We are selling our 7.6% AMZN position,” citing “limited visibility into further …

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Amazon (AMZN) Stock Drops 3% Before Q3 Earnings: Here’s Why

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Oct 31, 2024 · Amazon stock has gained 23% so far this year, slightly ahead of a 20% gain for the S&P 500. Shares reached a record high above 200 in early July before slumping through …

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Amazon Stock Got Crushed, But This Number Shows Why It's Still …

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Nov 3, 2022 · While it's understandable why the stock fell 6.8% on Friday even as the Nasdaq soared nearly 3%, one number from Amazon's report that was largely ignored shows why the …

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Amazon Stock Just Hit A 52-Week Low. Here's Why It Could Go …

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Dec 22, 2022 · Amazon stock is now down nearly 50% year to date and recently touched another 52-week low. Fears of a recession are swirling through the market again after the Federal …

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Here's Why Amazon (AMZN) Gained But Lagged The Market Today

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Jan 8, 2025 · In the latest trading session, Amazon (AMZN Quick Quote AMZN - Free Report) closed at $222.15, marking a +0.02% move from the previous day. The stock trailed the S&P …

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UPS To Cut Its Amazon Business By More Than 50%. Here’s Why.

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5 days ago · Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.

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FAQs about Amazon Stock Got Hit With Rare Downgrade. Here’s Why. Coupon?

Why did Amazon stock drop?

Amazon stock dropped amid a downgrade from Overweight to Equal Weight by Wells Fargo. Wells Fargo said Monday that Amazon's strength in the cloud services market won’t be enough to stave off hurdles: rising competition from Walmart, easing income from its advertising business, and high costs linked to its satellite project. ...

Why did Amazon stock fall Monday morning?

Amazon stock fell Monday morning after the tech behemoth got a rare downgrade from a Wall Street analyst. Wells Fargo analyst Ken Gawrelski lowered his rating on Amazon stock to equal weight from overweight in a note to clients early Monday. He also lowered his price target for Amazon stock to 183 from 225. ...

Why did Amazon (AMZN) stock close 3% lower Monday?

Amazon (AMZN) stock closed 3% lower Monday as Wells Fargo (WFC) analysts downgraded shares, noting that the company's strength in the cloud services market won’t be enough to stave off other hurdles to its profit margins. ...

Will Amazon stock rise 20%?

Meanwhile, Wall Street analysts see Amazon stock rising over 20% to about $220, according to Bloomberg consensus estimates. Amazon’s most recent earnings report in early August fell short of Wall Street’s forecasts. ...

Will Amazon stock go lower if it's down 50%?

Even with the stock down 50%, Amazon shares could still go even lower. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Jeremy Bowman has positions in Amazon.com. The Motley Fool has positions in and recommends Amazon.com. ...

What if Amazon is forced to lower its fees?

Gawrelski noted that Walmart’s fulfillment offerings for sellers are about 15% cheaper. If Amazon is forced to lower its fees, that would cut into its income from its retail segment. Amazon stock dropped amid a downgrade from Overweight to Equal Weight by Wells Fargo. ...