Amazon’s often teflon stock (AMZN) is proving to be anything but as the peak holiday shopping season nears its conclusion.
With Monday’s 1.7% decline, shares of the tech giant dropped below its 200-day moving average (a key measure of market sentiment) on a closing basis for the first time since Nov. 1 on Monday. Amazon founder Jeff Bezos lost $3 billion in net worth in Monday’s sell-off.
Amazon has closed down seven out of the past nine sessions, per Bloomberg data. Shares are up slightly…
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