Amazon (AMZN) Stock Drops: What the Charts Say About the Next Move
Executive SummaryAmazon.com, Inc. (NASDAQ:AMZN) fell roughly 3% on Monday, August 31, 2026, after the FTC and 22 state attorneys general filed a lawsuit alleging the company secretly manipulated advertising auction pricesThe lawsuit claims Amazon used an undisclosed "soft reserve price" to raise minimum ad costs, generating more than $20 billion from advertisers over a roughly seven-year span since 2019Shares fell below the $260 mark, down from Friday's close near $266.43, and now sit roughly 8.