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Shares of Amazon.com Inc.
AMZN, -6.33%
Afternoon trading fell 7.3% on Monday, putting them on track to launch their first bear market in over two and a half years. The title of the e-commerce and cloud giant, which was approaching lows since April 26, 2018, plunged 14.5% in two days, since the company released its third-quarter results after the Thursday close, reducing about $ 126.4 billion market. capitalization during this period. That put the title 25.3% below its September 2 record of $ 2,039.51. Many on Wall Street define a bear market as a 20% drop or more of a bullish market spike. Amazon's last bear market ended on March 1, 2016, when it closed 20.1% higher than its $ 482.07 trough on February 9, 2016, 30.5% lower than the previous bullish top of $ 693.97 on December 29, 2015. the so-called FANG shares, the sale of Amazon means that only the action of Google parent Alphabet Inc. is not yet in a bear market . Shares of Facebook Inc. were down 35.1% from their bull market and Netflix Inc.
NFLX, -4.96%
stocks lost 32.4% from their peak, while Alphabet shares were only 19.8% below its peak. Meanwhile, the shares of Apple Inc.
AAPL, -1.88%
Honorary member of "FAANG", fell only 8.2% from the peak of his bull market. In comparison, the S & P 500
SPX, -0.66%
has lost 10% since his September 20 record of 2,930.75.
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