Amazon Stock Declines Despite Record Holiday Sales

The Tuesday after Christmas, Amazon announced that it had a record breaking holiday sales. There were orders in excess of four billion placed on December 11 and it was able to ship more than 99% on schedule, shipping more than 3.4 million units on a single day. Yet, investors are down and the stock is declining. Today, Citigroup marked Amazon’s stock as a “sell.”

Advertisements
By Jane Litte Tagged

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s