The post Amazon Stock Premarket: AMZN Sinks 7.4% To $225.71 As $77 Billion Capex Spooks Investors appeared first on Coinpedia Fintech News
Amazon shares fell 7.42% in premarket trading on Friday to $225.71, down $18.08 from Thursday’s close of $243.79, after the company missed third-quarter forecasts. Revenue rose 12% to $201.9 billion but fell short of expectations, and earnings also came in below estimates. Spending was the bigger worry. Amazon invested more than $77 billion in property …