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.
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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