Amazon Gaps Down on Earnings: Further Declines Likely

Amazon (AMZN) is currently trading down more than $6 after reporting inline earnings after the close Wednesday. The stock initially traded up $4, but investors quickly showed that the bears were in charge and sent shares on a nose dive.

We pulled up AMZN's historical reports from the Bespoke Earnings Report Database to see how it typically trades on the following day (today) when it gaps down on earnings. As shown below, the stock has averaged a further decline of -0.66% from the open to close when opening lower after a weak quarterly report.

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Comments

[User 138049:]

Maybe its too early to call, but as of 10 am EST it is trading at around 73-74.

2008 Jan 31 10:11 AM