Citigroup Downgrades Amazon.com To Neutral, Shares Fall

Analysts at Citigroup downgraded Amazon.com

from Buy to Neutral. Amazon.com shares have gained 18.54% over the past 52 weeks, while the S&P 500 index has jumped 16.40% in the same period. Amazon.com's shares dropped 1.57% to $354.12 in pre-market trading.