Market Chatter: Amazon Prime Day Sales Down Nearly 14% in Early Hours Compared With 2024 Event

MT Newswires Live
07-08

Amazon's (AMZN) four-day Prime Day event kicked off Tuesday and sales were down nearly 14% in the first four hours compared with the start of last year's Prime Day, Bloomberg reported, citing data from Momentum Commerce.

The online retailer's Prime Day event lasted for only two days in 2024, which makes year-over-year comparisons challenging, the report said.

Shares were down more than 1% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 220.63, Change: -2.84, Percent Change: -1.27

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