SEC NEWS

Amazon stock drops 4% on FTC hidden ad fee allegations; downside target set at $195 in 1 week

Amazon falls 4% to $203 after FTC accuses it of $3.8B in hidden ad fees; $195 target in 1 week.

Filing analysis

Amazon (AMZN) drops 4% to $203 after FTC alleges $3.8B in hidden ad fees, dragging shares below 200-day MA at $205.

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