Amazon.com Inc. stock falls Wednesday, underperforms market

Amazon.com Inc. stock falls Wednesday, underperforms market

Shares of Amazon.com Inc. AMZN, -2.81% shed 2.81% to $3,232.58 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -2.57% falling 2.57% to 3,750.77 and Dow Jones Industrial Average DJIA, -2.05% falling 2.05% to 30,303.17. The stock’s fall snapped a two-day winning streak. Amazon.com Inc. closed $319.67 below its 52-week high ($3,552.25), which the company reached on September 2nd.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Microsoft Corp. MSFT, +0.25% rose 0.25% to $232.90, Alphabet Inc. Cl A GOOGL, -4.67% fell 4.67% to $1,818.94, and Walmart Inc. WMT, -2.49% fell 2.49% to $143.84. Trading volume (4.6 M) eclipsed its 50-day average volume of 3.5 M.

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