Amazon.com Inc. stock underperforms Friday when compared to competitors

Shares of Amazon.com Inc. AMZN, -0.45% slumped 0.45% to $3,292.23 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, -0.30% falling 0.30% to 3,841.47 and Dow Jones Industrial Average DJIA, -0.57% falling 0.57% to 30,996.98. The stock’s fall snapped a three-day winning streak. Amazon.com Inc. closed $260.02 short of its 52-week high ($3,552.25), which the company achieved on September 2nd.

GameStop’s stock is surging again, putting it on track for its best month ever

Shares of GameStop Corp. GME, +51.08% on Friday afternoon were extending a recent surge, putting the videogame retailer on track for its best monthly gain, up over 220%, in its history. The historic surge in shares of the company, which went public in 2002, comes as an army of traders on a popular social platform Reddit have been striving to drive values higher, according to a Bloomberg report, even as short seller Citron Research has attempted to make a case why valuations for GameStop make it a sell rather than a buy. However, a planned livestream hosted by Citron, intended for Wednesday originally, was canceled, and Citron has complained about “hacking” of its livestream events and its Twitter account recently. A report in Bloomberg News referred to Citron’s technical issues as a backlash from a Reddit community that is rabidly bullish on GameStop.

Scroll Up
error: Content is protected !!