Shares of Amazon.com (Nasdaq:AMZN) were gapping down Wednesday morning with an open price 10.6% lower than Tuesday's closing price. The stock closed at $194.44 yesterday and opened today's trading at $173.81.
NEW YORK ( TheStreet) -- Shares of Amazon.com (Nasdaq: AMZN) were gapping down Wednesday morning with an open price 10.6% lower than Tuesday's closing price. The stock closed at $194.44 Tuesday and opened today's trading at $173.81. The average volume for Amazon.com has been six million shares per day over the past 30 days. Amazon.com has a market cap of $85.04 billion and is part of the services sector and retail industry. Shares are up 12.3% year to date as of the close of trading on Tuesday. Amazon.com, Inc. operates as an online retailer in North America and internationally. It operates retail Web sites, including amazon.com and amazon.ca. The company serves consumers through its retail Web sites and focuses on selection, price, and convenience. The company has a P/E ratio of 101.1, above the average retail industry P/E ratio of 98.4 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Amazon.com as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Amazon.com Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.