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Amazon shares fall to new lows: what's behind it?
Amazon shares fell 2.9% to $181.12 on October 7, 2024. Experts expect profit increases in Q3 2024.
Amazon shares fall to new lows: what's behind it?
At 4:28 a.m., Amazon shares suffered a severe setback on the NASDAQ, falling 2.9 percent to $181.12. The price reached a low of USD 180.57 before starting trading at USD 182.85. So far, over 3 million shares have changed hands. The current price is 34.66 percent above the 52-week low of $118.35 recorded in late October 2023 and remains 10.12 percent below the high of $201.20 set in July 2024.
Amazon has already announced that it will present its financial results for the third quarter of 2024 on October 24th. Experts expect earnings of $4.74 per share and sales of $147.98 billion, an impressive increase from $134.38 billion last year. Despite the current market situation, future developments remain exciting. Further information on the situation is available can be found here.