Amazon company sure had a big decrease in stock price in April.
April has been an unfortunate month for certain tech companies. Apple, Microsoft, Amazon, Alphabet, and Tesla set to lose a combined trillion dollars.
Some of the largest companies have come under heavy pressure in April amid a difficult earnings season and concerns over the Federal Reserve policy.
Amazon.com Inc. shares certainly collapsed on Friday. It was a huge loss in market value.
The Amazon stock price decreased 14% in its biggest one-day drop since July 2006. Shares closed at their lowest level since June 2020.
Over a period of one year (ending April 29, 2022), the Amazon stock price decreased 26%.
The Nasdaq 100 Index fell 4.5% on Friday, bringing its April decline to 13%, certainly its biggest one-month drop since October 2008.
Amazon stock price certainly fell 24% for the month, its biggest one-month percentage drop since November 2008.
Alphabet stock price dropped 18% in April, also its worst since November 2008.
Among other big company names, Apple Inc. fell 9.7% for April, its biggest one-month drop since September 2020.
Microsoft Corp. stock price fell 10% in April, its worst one-month decline since January 2015 even after it reported results that were seen as so-called strong.
Meta Platforms Inc. stock price fell 9.8% in April.
In other related news:
- Amazon workers at NYC warehouse vote to unionize
- April 30, 2022 - Amazon workers won’t get paid for Covid leave anymore
- Amazon is cutting paid time off for front-line USA workers who test positive for Covid-19, effective Monday.
- All USA-based Amazon workers who test positive for Covid-19 will now get up to five days of excused, unpaid leave, the company told workers in a notice sent Saturday.
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