The ‘$200 billion expense’ that continues to ‘frighten’ Amazon investors, as $463 billion wiped out from market vale, and shares at 52-week low

Amazon stock’s downward march continues. On Friday February 13, Amazon shares posted their longest streak of daily losses in almost 20 years. Shares fell 0.4% on Friday, their ninth straight negative session. This is the longest losing streak for the stock since another nine-day drop that ended in July 2006. The stock shed 18% over the latest stretch, erasing about $463 billion in market valuation. Shares closed at their lowest since May. As for this month so far, Amazon shares are down about 17%, on pace for their biggest monthly percentage drop since April 2022.

What seems to be hurting Amazon’s stock most is the capital expenditure guidance that the company gave earlier this month.