Amazon.com (NASDAQ:AMZN) shares traded at $248.73 in Tuesday afternoon trading,
down $4.81, or 1.90%, from the previous close of $253.54. For investors gauging
their financial
fitness through major holdings, the stock came under pressure after Amazon
paused air cargo operations with 21 Air following a fatal crash involving the
cargo carrier. The move put Amazon’s logistics network back in focus as the
market also weighed new retail and artificial intelligence headlines.
Shares lag in the afternoon
AMZN opened at $252.42 and stayed below its previous close through the
afternoon. The session range ran from a high of $253.27 to a low of $248.30,
leaving the stock near the bottom of the day’s range. The move reflected a
cautious reaction for a company whose delivery network is central to its retail
promise.
