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Amazon stock price slumped nearly 7.06% in the last two intraday sessions.
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Amazon.com, Inc. reported quarterly results on Thursday, 26th August.
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Amazon stock price slipped lower to break below the 200-day EMA ahead of quarterly results.
Amazon stock price slumped over 7.06% in the past two sessions ahead of the quarterly results. The company reported quarterly results on 26th August. However, the AMZN stock price started losing from Wednesday itself.
The Amazon stock price showed a gap-down opening of 1.91% on Wednesday and was expected to maintain above the 200-day EMA. However, the stock price showed a continuous drawdown and slipped below the 200-day EMA, thus, losing a total of 5.5% by the end of the session.
The price movements from yesterday’s session were choppy due to the earnings call. The Amazon stock price continued with a pre-market gap down opening of 0.68%. Thereafter, the stock experienced a seesaw movement
We współpracy z: https://www.thecoinrepublic.com/2023/10/27/amazon-stock-price-falls-despite-surprising-quarterly-results/
