Amazon shares fall 9 percent after warning of possible loss

A parcel moves on the conveyor belt at Amazon's logistics centre in Graben(Reuters) – Amazon.com Inc shares fell more than 9 percent in early trading on Friday, after the online retailer warned of a possible loss in the current quarter and its quarterly results missed expectations in the holiday shopping season. At least seven brokerages cut their price targets on the stock, by as much as $ 30 to a low of $ 415. Another seven raised their price targets by as much as $ 100 to a high of $ 500. Amazon shares were down at $ 372.81 in early trading.



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