{"id":21576,"date":"2023-09-23T09:41:55","date_gmt":"2023-09-23T09:41:55","guid":{"rendered":"https:\/\/microloannexus.com\/investing\/amazons-stock-is-in-danger-of-falling-for-the-most-days-in-a-row-this-year\/"},"modified":"2023-09-23T09:41:55","modified_gmt":"2023-09-23T09:41:55","slug":"amazons-stock-is-in-danger-of-falling-for-the-most-days-in-a-row-this-year","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=21576","title":{"rendered":"Amazon\u2019s stock is in danger of falling for the most days in a row this year"},"content":{"rendered":"
\n

A more than 2% morning rally in Amazon.com Inc.\u2019s stock
\n AMZN,
\n -0.16%<\/bg-quote>
\n wasn\u2019t enough, as a big comeback by bears puts stock in danger to suffering a seventh-straight loss. The stock traded as high as $132.03, or 2.1% above Thursday\u2019s close, at about 11:07 a.m. Eastern, before pulling a U-turn. The stock was down as much as 0.6% at its intraday low of $128.52, at about 2:18 p.m., before paring some losses to last be down 0.2%. A seventh-session losing streak would be the stock\u2019s longest since the seven-day stretch that ended Nov. 3, 2022. Amazon\u2019s stock has shed 10.9% during its current losing streak, which started after it closed at a 17-month high of $144.85 on Sept. 13. The company said earlier Friday that it will add limited advertising to its Prime Video product starting in early 2024. On Thursday, the stock had shed 4.4%, the biggest loss during its losing streak, after three executives were added to the Federal Trade Commission\u2019s lawsuit. With the pullback, the stock is now down 6.5% month to date, which puts it on track to snap a six-month winning streak, which was the longest such streak since the six-month streak that ended July 2011. The stock has still rallied 53.7% year to date, while the S&P 500
\n SPX,
\n -0.23%<\/bg-quote>
\n has gained 12.7%.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A more than 2% morning rally in Amazon.com Inc.\u2019s stock AMZN, -0.16% wasn\u2019t enough, as a big comeback by bears puts stock in danger to suffering a seventh-straight loss. The stock traded as high as $132.03, or 2.1% above Thursday\u2019s close, at about 11:07 a.m. Eastern, before pulling a U-turn. The stock was down as<\/p>\n","protected":false},"author":1,"featured_media":9288,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":{"0":"post-21576","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"yoast_head":"\nAmazon\u2019s stock is in danger of falling for the most days in a row this year | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"A more than 2% morning rally in Amazon.com Inc.\u2019s stock AMZN, -0.16% wasn\u2019t enough, as a big comeback by bears puts stock in danger to suffering a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/microloannexus.com\/?p=21576\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" 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