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Amazon stock heads for longest losing streak in 7 months, after FTC adds executives to its lawsuit

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Shares of Amazon.com Inc. sank 2.8% in morning trading Thursday, putting them on track to suffer a sixth-straight decline, after three executives were added...

Shares of Amazon.com Inc.

sank 2.8% in morning trading Thursday, putting them on track to suffer a sixth-straight decline, after three executives were added to the Federal Trade Commission’s lawsuit against the ecommerce and cloud giant. The stock has tumbled 9.2% during its current losing streak, which would be the longest since the six-day stretch that ended Feb. 10, 2023. The losing streak started after the stock closed at a 17-month high of $144.85 on Sept. 13.

 

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