Amazon.com (AMZN) Shares Lower as Traders Buying Stocks of Brick-and-Mortar Retailers Amid Black Friday
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Traders are selling shares of Amazon.com (Nasdaq: AMZN) Friday, potentially as another way to play Black Friday. While the SPDR S&P Retail ETF (NYSE: XRT), mostly made up of brick-and-mortar retailers, is up about 0.6 percent at last check, Amazon shares last traded down 1.8 percent to $185.70.
The action follows early reports out of TechCrunch which suggest online sales may be up nearly 40 percent from last year's Thanksgiving shopping season.
Elsewhere around the Retail space: Wal-Mart Stores (NYSE: WMT) shares up 1.2 percent, Barnes & Noble (NYSE: BKS) shares are up 1 percent, Best Buy (NYSE: BBY) shares are up 2.4 percent and Target (NYSE: TGT) shares are up 0.12 percent.
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The action follows early reports out of TechCrunch which suggest online sales may be up nearly 40 percent from last year's Thanksgiving shopping season.
Elsewhere around the Retail space: Wal-Mart Stores (NYSE: WMT) shares up 1.2 percent, Barnes & Noble (NYSE: BKS) shares are up 1 percent, Best Buy (NYSE: BBY) shares are up 2.4 percent and Target (NYSE: TGT) shares are up 0.12 percent.
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