Shares of Amazon.com Inc. shed 1.29% to $3,246.30 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.69% to 4,361.19 and Dow Jones Industrial Average falling 0.72% to 34,496.06. This was the stock’s second consecutive day of losses. Amazon.com Inc. closed $526.78 short of its 52-week high ($3,773.08), which the company reached on July 13th.
The stock underperformed when compared to some of its competitors Monday, as eBay Inc. fell 0.73% to $74.50, Alphabet Inc. Cl A fell 0.62% to $2,778.28, and Walmart Inc. fell 0.09% to $139.53. Trading volume (2.0 M) remained 858,456 below its 50-day average volume of 2.9 M.