Amazon.com, Inc. (NASDAQ:AMZN) shares are trading lower by 4.3% at $3,314 amid overall market weakness as stocks across sectors fall on COVID-19 concerns and China volatility. Investors also await the Feds two-day meeting beginning on Tuesday.
Amazon is also trading lower by 4.7% over the past five sessions as stocks pull back following August strength.
Amazon is a leading online retailer and one of the highest-grossing e-commerce aggregators. Retail-related revenue represented approximately 83% of total revenue, followed by Amazon Web Services’ cloud computing, storage, database, and other offerings (12%), and advertising services and co-branded credit cards (6%).
Amazon has a 52-week high of $3,773.08 and a 52-week low of $2,871.00.
