Amazon (AMZN) Shares Dip 5 percent

Amazon Inc. (AMZN) fell about 5% in early trade Monday to break its 50-day SMA in the $655-vicinity. There’s a lot of momentum behind the move after Monness Crespi Hardt downgraded the e-commerce giant’s stock to ‘Neutral’ from ‘Buy’ and suspended its price target. The firm estimates the co.’s investments may yield less degrees of […] View the full post at: Amazon (AMZN) Shares Dip 5 percent Related posts: Amazon’s (AMZN) Cloud: A SaaS Solution Are Amazon’s Shares Too Expensive? Amazon Acquires Zappos.com for $807 mln