Amazon Stock Plunges in Wake of Target, Walmart Debacles. This Is Why.

By On May 18, 2022 95 0

Panorama of a city business district with office buildings and skyscrapers and superimposed data, charts and diagrams related to stock market, currency exchange and global finance. Blue line graphs with numbers and exchange rates, candlestick charts and financial figures fill the image with a glowing light. Sunset light.

Amazon.com shareholders just got another reality check from Walmart and Target.

The surprising inability of two major U.S. retailers to contain inflationary pressures—along with rising evidence of weakening shopping behavior—mean that Amazon’s (ticker: AMZN) road to e-commerce business recovery may have become more difficult.

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