Amazon started its third straight day of losses Tuesday, down around half a percent. It was down about 24 percent for the month of October as of Tuesday morning.
The stock been on a steady decline since Thursday when it missed revenue estimates and delivered disappointing fourth quarter guidance. October has been the worst month for Amazon since 2008.
At Monday’s close, Amazon shed $103.93 or 6.3 percent. The stock was trading at its lowest rate since April after suffering its biggest two-day loss since February 2014 at 13.7 percent