Amazon has lost as much as $113 billion in market value in three days this week, representing a decline of 7%.
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Amazon's market cap of $1.59 trillion as of Friday's close fell to an intraday low of $1.48 trillion on Wednesday, according to data from Bloomberg.
The drop in Amazon hasn't deterred Robinhood investors. From Monday to Wednesday afternoon, more than 16,000 Robinhood traders bought shares of Amazon, representing an increase of nearly 5%, according to data from Robintrack.net. This suggests investors are actively buying the dip in Amazon.
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