Amazon (AMZN) Stock Takes a Hit: Shares Plunge Over 6% in Midday Trading
NEW YORK, NY – Shares of e-commerce and cloud computing giant Amazon.com Inc (NASDAQ: AMZN) experienced a sharp decline during midday trading on Wednesday, April 10th. The stock tumbled significantly, erasing early session levels and concerning investors.
As of 12:04 PM EDT, Amazon stock was trading at 12.21 for the day. This represents a significant 6.39% decrease in value within the single trading session.
The intraday chart clearly illustrates the downward momentum. After trading in the 186 range earlier in the morning, the price began a steep descent, breaking below key psychological levels and hitting the low point captured in the latest data.
This dramatic move puts the current share price well below the previous closing price of $191.10, highlighting the severity of the day’s sell-off for the tech behemoth. Market participants are closely watching AMZN’s performance as the trading day progresses amidst broader market movements. The data reflects the 1-day performance on the NASDAQ exchange.
