Amazon.com Inc. ($AMZN) Stock Forecast: Down 5.1% Today

What is Amazon.com Inc.?

Amazon.com Inc. (NASDAQ: AMZN) is a multinational technology company focusing on e-commerce, cloud computing, digital streaming, and artificial intelligence. The stock had a strong bearish movement today amidst various news developments.

Why is Amazon.com Inc. going down?

AMZN stock is down 5.1% on Nov 15, 2024 18:07

• Third Point's decreased stake in Amazon may have signaled concerns among investors, leading to a sell-off and contributing to the bearish movement.
• MacKenzie Scott's significant sale of Amazon shares could have added to the negative sentiment around the stock, impacting its price negatively.
• Despite the upcoming Tomb Raider TV series and Cathie Wood's continued interest in Amazon, the selling pressure from major stakeholders like Third Point and Scott might have outweighed these positive factors.
• The overall market sentiment towards Amazon may have been influenced by profit-taking activities and uncertainties surrounding key shareholders' actions, resulting in the bearish movement observed today.

AMZN Price Chart

AMZN Technical Analysis

AMZN News

What's Going On With Amazon Shares Friday? - Amazon.com ( NASDAQ:AMZN )

Amazon.Com, Inc. AMZN shares are moving lower on Friday after Third Point reported that it decreased its stake in the company. Here's what you need to know. What To Know: In the 13F filing with the Securities and Exchange Commission, Third Points disclosed that it decreased its stake in Amazon by ...

https://www.benzinga.com/trading-ideas/movers/24/11/42015304/whats-going-on-with-amazon-shares-friday

Sophie Turner Set To Star As Lara Croft In Amazon's Tomb Raider TV Series: Report - Netflix ( NASDAQ:NFLX ) , Amazon.com ( NASDAQ:AMZN )

Amazon.com Inc's AMZN much-anticipated live-action Tomb Raider TV series appears close to landing its lead.

https://www.benzinga.com/24/11/42014936/sophie-turner-set-to-star-as-lara-croft-in-amazons-tomb-raider-tv-series-report

Jeff Bezos' Ex-Wife MacKenzie Scott Sells More Amazon Shares - Amazon.com ( NASDAQ:AMZN )

MacKenzie Scott, the ex-wife of Amazon.com, Inc. AMZN founder Jeff Bezos, has recently sold 11% of her Amazon shares, valued at over $8 billion.

https://www.benzinga.com/news/large-cap/24/11/42009316/jeff-bezos-ex-wife-mackenzie-scott-sells-more-amazon-shares

Cathie Wood Keeps Betting On Amazon's 'Haul' Play: Ark Loads Up $6M Worth Of Shares - Archer Aviation ( NYSE:ACHR ) , Advanced Micro Devices ( NASDAQ:AMD )

On Thursday, Ark Invest, led by Cathie Wood, made significant trades in Amazon.com Inc. AMZN and Rocket Lab USA Inc. RKLB, according to the firm's daily trade data.

https://www.benzinga.com/24/11/41998258/cathie-wood-keeps-betting-on-amazons-haul-play-ark-loads-up-6m-worth-of-shares

Can Palantir Sustain Its 300X Valuation After Climbing 266% This Year? - Palantir Technologies ( NYSE:PLTR )

Palantir Technologies Inc PLTR has surged over 40% in the past month, 266% YTD, propelled by a series of high-profile partnerships with industry giants like Microsoft Corp, Amazon.com Inc AMZN, and Rio Tinto PLC RIO.

https://www.benzinga.com/trading-ideas/long-ideas/24/11/41972288/can-palantir-sustain-its-300x-valuation-after-climbing-266-this-year

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Amazon.com Inc. Price History

01.10.2024 - AMZN Stock was up 7.4%

• Amazon's stock surged following better-than-expected third-quarter earnings, with EPS surpassing analyst estimates.
• Growth in Amazon's cloud computing and advertising businesses played a significant role in the positive earnings results.
• The company's third-quarter net sales also experienced a notable increase, further increasing investor confidence.
• Overall, Amazon's robust performance in key business segments like AWS and Prime drove the bullish movement in its stock price today.

01.10.2024 - AMZN Stock was up 5.1%

• Amazon's stock (AMZN) saw a notable increase in pre-market trading, rising by 6.77% today. This surge followed the announcement of third-quarter net sales hitting $158.9 billion, marking an 11% rise from the previous year.
• The Q3 earnings surpassed expectations, with revenue and earnings per share performing above estimates. This strong financial showing indicates robust overall performance by Amazon.
• Investor sentiment towards Amazon appears positive, particularly fueled by the exceptional performance of the company's new Kindles that exceeded projections, further enhancing confidence in the stock.
• Despite market uncertainties, Amazon's stock displayed a resilient bullish trend, underscoring the company's robust financial standing and market strength.

15.10.2024 - AMZN Stock was down 5.1%

• Third Point's decreased stake in Amazon may have signaled concerns among investors, leading to a sell-off and contributing to the bearish movement.
• MacKenzie Scott's significant sale of Amazon shares could have added to the negative sentiment around the stock, impacting its price negatively.
• Despite the upcoming Tomb Raider TV series and Cathie Wood's continued interest in Amazon, the selling pressure from major stakeholders like Third Point and Scott might have outweighed these positive factors.
• The overall market sentiment towards Amazon may have been influenced by profit-taking activities and uncertainties surrounding key shareholders' actions, resulting in the bearish movement observed today.

01.10.2024 - AMZN Stock was up 6.9%

• Amazon’s stock experienced a significant increase following robust third-quarter earnings.
• Analysts have a positive outlook on Amazon's growth opportunities, particularly in AWS and advertising, which is boosting the stock price.
• Strong earnings growth, driven by cloud computing and advertising segments, has bolstered investor confidence and led to the stock's surge.
• Investors perceive Amazon's performance as reassurance of sustained success and potential expansion in key business areas.

02.07.2024 - AMZN Stock was down 9.1%

• Amazon experienced a bearish movement today.
• The profit forecast disappointment due to AI costs seems to have impacted investor sentiment negatively.
• Despite the slip, some Wall Street analysts view this as a buying opportunity, especially highlighting the strength of Amazon's cloud business.
• The narrowed margins overshadowing the growth in cloud computing could have contributed to the bearish trend as well, showing concerns about profitability.

02.07.2024 - AMZN Stock was down 9.3%

• Amazon stock experienced a significant bearish movement due to a weak sales outlook and missing revenue expectations for the first time in over two years.
• The company's stock plummeted by as much as 13%, leading to a substantial decrease in Jeff Bezos' net worth by $21 billion.
• The soft third-quarter guidance and mixed second-quarter earnings report contributed to the negative market sentiment, impacting not only Amazon but also causing a slide in Shopify shares due to broader market reactions in the e-commerce sector.
• The disappointing performance of Amazon compared to other tech giants like Meta and Apple this week further highlighted the challenges the company is facing in maintaining robust growth.

02.07.2024 - AMZN Stock was down 7.8%

• Amazon's stock had a strong bearish movement today, possibly influenced by the following factors:
• Shopify shares sliding due to e-commerce and broader market reactions following Amazon's mixed second-quarter earnings report and soft third-quarter guidance.
• Despite Amazon's Q2 earnings beating estimates and sales rising year-over-year, the market may have reacted negatively to the soft third-quarter guidance.
• The overall bearish sentiment in U.S. equities due to a report showing the economy added fewer jobs than expected in July could have also contributed to Amazon's downward movement.
• Investors might be cautious about Amazon's future performance in the e-commerce sector, especially with emerging disruptors in cybersecurity like Microsoft, Alphabet, Meta Platforms, and CrowdStrike Holdings.

02.07.2024 - AMZN Stock was down 8.4%

• Amazon's bearish movement can be attributed to its mixed second-quarter earnings report and soft third-quarter guidance, leading to a decline in Shopify shares as well due to e-commerce and market reactions.
• The warning from Elliott Management about Nvidia being in a bubble and the skepticism around AI innovations impacting Nvidia's stock price could have created a negative sentiment in the tech sector, affecting Amazon as well.
• Amazon's CFO expressing concerns about distractions from political events and the Olympics impacting consumer spending could have contributed to the bearish movement, reflecting broader economic worries for the rest of the year.

02.07.2024 - AMZN Stock was down 8.8%

• Amazon's stock experienced a significant decline due to the broader sell-off in U.S. stock markets triggered by concerns about a potential economic downturn following disappointing July jobs data.
• The company's downward trajectory was exacerbated by a gloomy profit forecast, primarily attributed to escalating costs in artificial intelligence.
• Despite the stock's decline, experts in finance suggest that this may be an advantageous time to invest, pointing to the growth potential in Amazon's cloud services as a positive aspect.
• Amazon's lackluster sales in the second quarter combined with a less-than-impressive revenue outlook for the current quarter further weakened investor confidence, contributing to the stock's negative trend.

02.07.2024 - AMZN Stock was down 9.2%

• Amazon's stock faced an 8% decline today following a less than favorable profit and revenue forecast for the current quarter.
• Today's market atmosphere leaned towards pessimism, characterized by a widespread decline in global equities and U.S. Treasury yields reaching lows not seen in months. The negative tone was influenced by economic uncertainties and cautious outlooks from Amazon and Intel.
• The Nasdaq, heavily weighted towards tech stocks, was notably poised for a market correction. Investors navigated through disappointing data trends and uncertainties about the Federal Reserve's strategies.
• Although Amazon's profits doubled in the recent financial quarter, its sales and advertising revenue fell short of market projections. Concerns about the company's profit growth momentum further exacerbated the substantial drop in its stock value.

02.07.2024 - AMZN Stock was down 9.6%

• Disappointing earnings results for Amazon, marked by decelerating online sales growth and failure to meet market projections, resulted in a notable decrease in its stock value.
• The overall market sentiment was pessimistic, reflected in all major indexes experiencing a more than 2% drop due to underwhelming economic indicators and uncertainties surrounding the Federal Reserve's decisions.
• Investors are particularly wary about the performance of large-cap tech giants such as Amazon, as they confront challenges related to the integration of AI strategies and cloud computing into their financial outcomes.
• The culmination of Amazon's lackluster earnings, the broader market's downturn amid recession concerns, and the shift towards cost-conscious consumer behavior all contributed to the significant drop in Amazon's stock price on the day.

05.07.2024 - AMZN Stock was up 5.3%

• Amid a bearish market environment where major indices saw significant declines, Amazon (AMZN) displayed a strong bullish performance.
• The recent market volatility, driven by concerns of an economic downturn and disappointing financial results, negatively affected several tech stocks, including Amazon.
• Amazon's stock price fell by 7.20%, reflecting shifts in consumer spending patterns and broader economic indicators.
• The decline in Amazon's stock led to Jeff Bezos experiencing a $15 billion loss in a single day, potentially influencing the overall negative market perception of the company despite its positive trajectory.