Why Amazon, Etsy, and Carvana Stocks Dropped Today

·4 min read

Tuesday is looking more like "Lose Day" for investors in e-commerce stocks, as a chorus of downbeat analyst notes sink the sector, and send shares of e-commerce kingpin Amazon.com (NASDAQ: AMZN), online artisan marketplace Etsy (NASDAQ: ETSY), and online used car retailer Carvana (NYSE: CVNA) tumbling. As of 12:30 p.m. ET, Amazon stock has lost 4.4%, Etsy is down 6%, and Carvana is leading the whole e-commerce sector lower with a 13.9% loss. Amazon.com: Shareholders in Amazon can direct their hate mail toward UBS today, as the Swiss megabank cuts its price target by 20% to $167 per share.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting