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Why Amazon.com Stock Slipped This Morning

TheMotleyFool

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Amazon.com (NASDAQ: AMZN) stock shed nearly 3% of its value in early trading on the Nasdaq Tuesday before paring those losses to about 1%, as of 11 a.m. ET. But why did Amazon tumble in the first place?

The catalyst for the stock's slip this morning appears to trace back to a pair of analyst notes.

In a one-two punch of negative news this morning, first Truist bank lowered its price target on Amazon stock to $174 a share. Then UBS followed with a reduction to $178 a share.

Source Fool.com

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