Shares of Amazon.com Inc. (AMZN) declined by 1.92% to $129.79 on Friday amidst a mixed trading session for the stock market. While the Dow Jones Industrial Average (DJIA) rose by 0.12% to reach 33,670.29, the S&P 500 Index (SPX) fell by 0.50% to settle at 4,327.78.
Breaking the Winning Streak
This decline in Amazon's stock price brought an end to a five-day winning streak. Despite this setback, it is worth noting that the company closed at a price of $16.07 below its 52-week high of $145.86, which it reached on September 14th.
Underperformance Compared to Competitors
On the same day, Amazon underperformed some of its key competitors in the market as well:
- Apple Inc. (AAPL) saw a decrease of 1.03% to $178.85
- Microsoft Corp. (MSFT) experienced a decline of 1.04% to $327.73
- Alphabet Inc. Cl C (GOOG) observed a drop of 1.22% to $138.58
Trading Volume and Closing Thoughts
The trading volume for Amazon stood at 45.2 million, which was 7.8 million below its 50-day average volume of 53.0 million.
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