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July 15, 2020, 12:53 p.m. EDT

Amazon's stock heads for 3rd-straight drop, has lost 10% since Monday's intraday record

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By Tomi Kilgore

Shares of Amazon.com Inc. /zigman2/quotes/210331248/composite AMZN -1.78% dropped 2.7% in midday trading Wednesday, putting them on track for a third-straight loss, as other mega-cap technology names have also pulled back from record highs this week. Amazon's pullback just before midday on Monday. After closing at a record $3,200.00 on Friday, the stock shot up as much as 4.5% to an all-time intraday high of $3,344.29 at around 11:05 a.m. Eastern on Monday before the pullback began. Since that intraday high, the stock has now dropped $342.21, or 10.2%, representing a $170.7 billion loss in market capitalization to the current level of $$1.497 trillion. Among the other companies with trillion-dollar market caps, Apple Inc.'s stock /zigman2/quotes/202934861/composite AAPL -2.27% has shed 2.9% since reaching its record intraday high of $399.82 at around 11:23 a.m. Monday; Microsoft Corp.'s stock /zigman2/quotes/207732364/composite MSFT -1.79% has dropped 5.0% since it reached an intraday record of $216.35 just after last Thursday's open; and Google-parent Alphabet Inc. shares /zigman2/quotes/202490156/composite GOOGL -0.44% have slid 3.9% since reaching their intraday record of $1,567.36 at around 11:43 a.m. on Monday. Meanwhile, the Nasdaq Composite /zigman2/quotes/210598365/realtime COMP -0.87% has declined 3.1% since hitting an all-time intraday record of 10,824.79 at around 11:31 a.m. on Monday.

/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 3,167.46
-57.54 -1.78%
Volume: 3.94M
Aug. 7, 2020 4:00p
P/E Ratio
121.75
Dividend Yield
N/A
Market Cap
$1586.55 billion
Rev. per Employee
$359,671
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/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 444.45
-10.34 -2.27%
Volume: 49.51M
Aug. 7, 2020 4:00p
P/E Ratio
33.78
Dividend Yield
0.74%
Market Cap
$1900.31 billion
Rev. per Employee
$1.98M
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/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 212.48
-3.87 -1.79%
Volume: 27.82M
Aug. 7, 2020 4:00p
P/E Ratio
36.89
Dividend Yield
0.96%
Market Cap
$1607.97 billion
Rev. per Employee
$902,473
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/zigman2/quotes/202490156/composite
US : U.S.: Nasdaq
$ 1,498.37
-6.58 -0.44%
Volume: 1.39M
Aug. 7, 2020 4:00p
P/E Ratio
33.42
Dividend Yield
N/A
Market Cap
$1017.84 billion
Rev. per Employee
$1.39M
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
11,010.98
-97.09 -0.87%
Volume: 3.85M
Aug. 7, 2020 5:16p
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