![]() In the fourth quarter of 2021, total sales climbed by only 7% year over year, compared to 9% growth in the previous quarter.Īmazon’s operating income fell 58 percent in the quarter as a result of growing costs due to supply chain challenges, inflation, and the business raising compensation to entice staff. ![]() Investors have been in a bad mood for the past several trading days. ET.Īfter Amazon revealed decelerating revenue growth in its first quarter. This morning, the stock was down as high as 4.8 percent and was down 1.9 percent as of 10:40 a.m. The fact that Wedbush analysts removed the stock from their “Best Ideas List” were among the reasons why investors were selling Amazon’s stock this morning. Negative sentiment toward the stock following the company’s recent quarterly financial results. The stock price of Amazon (AMZN 0.18 percent) resumed its downward spiral this morning.įears of an upcoming interest rate hike by the Federal Reserve. After having its worst day in more than 15 years on Friday following the release of its first-quarter earnings.
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