Amazon.com Inc. (NASDAQ: AMZN) shares fell sharply in early trading on Tuesday, sliding 2.40% (-$5.72) to $232.52 as of 9:57 a.m. ET. The decline comes after the stock opened at $237.52, slightly below its previous close of $238.24.
During the morning session, Amazon’s stock touched a low of $230.60 and a high of $237.68, reflecting volatility within the first half-hour of trading.
Amazon currently holds a market capitalization of $2.47 trillion and trades at a price-to-earnings ratio of 35.47. Despite the pullback, the stock remains well above its 52-week low of $161.38 and not far from its 52-week high of $242.52, reached recently.
The decline mirrors broader market uncertainty, though no immediate company-specific news has been reported. Investors may be watching closely for upcoming macroeconomic data and technology sector earnings reports that could drive further movement in Amazon’s stock.
