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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.