The good news for Amazon was that consumers ordered more than 56 million items from the online retailer between Nov. 1 and Dec. 23, making it the company’s busiest holiday shopping season in its history.
On the other hand, because of general concerns about retailing fueled by Wal-Mart’s disappointing performance, Amazon’s stock was falling $1.78, or 8.1 percent, to $20.10, the lowest level seen since Nov. 13. Volume was 11 million shares, versus its full-day average of roughly 8.7 million shares.
On the other hand, because of general concerns about retailing fueled by Wal-Mart’s disappointing performance, Amazon’s stock was falling $1.78, or 8.1 percent, to $20.10, the lowest level seen since Nov. 13. Volume was 11 million shares, versus its full-day average of roughly 8.7 million shares.
- KC's View:
- Which seems like as good a reason as any not to invest in the stock market.
