Volume Spike Investor

Amazon.com, Inc. (NASDAQ: AMZN) took a hit from Barron’s this weekend in a pieces called “Amazon’s Daunting Challenge.”  The publication noted that Amazon.com deserves Wall Street’s admiration, but its stock is way too rich. It further noted that even under the best scenario, the shares could tumble.  Shares were already down more than $10 from recent all-time highs versus a 52-week range of $47.52 to $145.90.  Shares are down 1% at $132.80 at 7:25 AM EST.  It seems that this would be a larger hit of it were not for the global stock markets all being higher.

JON OGG