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Amazon.com Inc saw a decline over the past five days, falling 4.59 USD, or 1.96%, to close at 229.15 USD on February 7 at 7:59 PM GMT-5. The stock faced consistent selling pressure, struggling to regain momentum after its earnings reports fulfilled Wall Street estimates but the AWS revenue came below investor expectations, raising concern about Big Tech’s AI investments.
During the latest trading session, Amazon opened at 232.50 USD, reflecting an attempt at stability. However, the stock faced downward movement as it reached a session high of 234.81 USD before sliding to a low of 228.06 USD. The closing price of 229.15 USD placed the stock near its lower range for the day.
After-hours trading saw an additional decline, with Amazon slipping 0.57 USD, or 0.25%, to 228.58 USD. Despite this downturn, the company retained a massive market capitalization of 2.41LCr, underscoring its dominant position in the tech and e-commerce sectors. Amazon encountered resistance near 234.81 USD, while the session low of 228.06 USD acted as a key support level.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.