Amazon Stock Hits 9-Day Losing Streak, Worst Since 2006
Amazon shares tanked for nine consecutive days, shedding massive value in the company's worst streak in nearly two decades.
Amazon just had a very bad week. And the week before that wasn't great either.
The e-commerce giant's stock fell for nine straight trading days, closing at $198.79 on Feb. 13 after opening at $244.98 on Feb. 3. That's a brutal slide that wiped out significant shareholder value in under two weeks.
The nine-day losing streak is Amazon's longest since 2006 — nearly two decades ago, when the company was a fraction of its current size and AWS was barely a thing.
The drop dragged shares below the $200 mark, a psychologically important threshold for investors. No single catastrophic event triggered the slide, but the sustained sell-off signals deep unease among traders about the company's near-term prospects.
For a stock that's been a market darling for years, nine red days in a row stings.