Shares of Amazon.com Inc. slumped 3.8% toward a 3 1/2-month low in afternoon trading Friday, after BofA Securities analyst Justin Post said he believes sales from the ecommerce giant's recent Prime Early Access event were less than the Prime Day event in July. The stock extended the 0.3% decline on Thursday, which came despite the S&P 500's 2.6% surge on the same day. Amazon had said Thursday that Read More...
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Down 58% to 75%, These 3 Growth Stocks Are Poised for a Comeback
Jeff Bezos, the founder of Amazon, started his 2000 shareholder letter with the word “ouch.” The company’s stock had fallen more than 80% in the past year, a tough time for shareholders when the dot-com bubble had burst, and Wall Street was selling everything out of fear. Today, Amazon is one of the world’s largest companies, which means that 2000 was a wonderful time to buy shares.
