May 21, 2013

Profit Concern Causes Amazon Share Drops


Read the original article at Financial Feed

Wednesday shares of Amazon.com Inc hit lowest levels since March, slipping 30 cents and moving from $170.25 earlier to closing at $180.21. Mid-October shares were at a record $246.71, 35% up for the year to date. The drop happened on concern that its big spending and aggressive pricing will gain well come holiday season through [...]

Read the original article at Financial Feed