Amazon is having a spooky bad October

Amazon is having a spooky bad October


After a long winning streak, Amazon is having a rough month.

The company’s stock slid 6.3% on Oct. 29, following a 7.8% drop ahead of the weekend on Oct. 26. The plunge came after Amazon released third-quarter earnings on Oct. 25 that indicated its most important businesses were all slowing down.

Even before earnings, October wasn’t going well for Amazon. The stock fell 6.2% on Oct. 10 and 5.9% on Oct. 24, the day before it reported third-quarter results. All in all, four of Amazon’s 11 worst single-day performances over the last five years have happened this month—and it isn’t over yet.

Amazon’s stock is down 23% since the start of this October. For comparison, Amazon’s stock gained 15% in October 2017, fell 6% in October 2016, and grew 22% in October 2015.

After a long winning streak, Amazon is having a rough month.

The company’s stock slid 6.3% on Oct. 29, following a 7.8% drop ahead of the weekend on Oct. 26. The plunge came after Amazon released third-quarter earnings on Oct. 25 that indicated its most important businesses were all slowing down.

Even before earnings, October wasn’t going well for Amazon. The stock fell 6.2% on Oct. 10 and 5.9% on Oct. 24, the day before it reported third-quarter results. All in all, four of Amazon’s 11 worst single-day performances over the last five years have happened this month—and it isn’t over yet.

Amazon’s stock is down 23% since the start of this October. For comparison, Amazon’s stock gained 15% in October 2017, fell 6% in October 2016, and grew 22% in October 2015. See more...




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