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Amazon shares down 1.5% premarket after Wedbush removes stock from Best Ideas List

Amazon.com Inc. shares fell 1.5% in premarket trade Monday, after the stock was removed from Wedbush's Best Ideas List. "We are removing Amazon from the BIL due to our investment price discipline," the firm said in a short statement. The move comes after Amazon shares suffered their worst day in more than 15 years Friday, after the e-commerce and tech giant reported its first quarterly loss in seven years. The drop cost Amazon $206.41 billion in market capitalization, the second-largest total fo Read More...

Amazon.com Inc. shares fell 1.5% in premarket trade Monday, after the stock was removed from Wedbush’s Best Ideas List. “We are removing Amazon from the BIL due to our investment price discipline,” the firm said in a short statement. The move comes after Amazon shares suffered their worst day in more than 15 years Friday, after the e-commerce and tech giant reported its first quarterly loss in seven years. The drop cost Amazon $206.41 billion in market capitalization, the second-largest total fo

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