Amazom.com, Inc. AMZN shares are trading lower by $24 at $550.81 in Tuesday's session. After a lower open, it was unable to revisit Monday's closing price ($574.81), only reaching $571.56 before resuming its decline.
The ensuing decline has found intra-day support ahead of its low made the day after its Q4 earnings report ($547.18), only reaching $550.20 before rebounding to its current level.
The issue is now poised to close at its lowest level since October 14, when it ended the session at $544.88. That close was put in place six days before it released a better-than-expected Q3 that pushed the issue towards the $600 level.
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