Market Movers has rounded up the best reactions to Amazon from investors and analysts. The pundits, including Jim Cramer, discussed the e-commerce giant after its stock fell 4.3% following an “open letter” from Bernstein analysts to Amazon CEO Andy Jassy and the company’s board. Among the analysts behind the letter was Mark Shmulik, speaking on CNBC on Wednesday. He said Amazon is “pursuing too many ideas” and needs to focus on what it does best. Still, Shmulik said he’s bullish on Amazon stock and has made it his top pick. The shares are currently held in Cramer’s Charitable Trust.
https://www.cnbc.com/2023/06/07/amazon-dips-after-analysts-pen-message-to-ceo-heres-what-the-pros-say.html Amazon crashes after analysts wrote message to CEO That’s what professionals say
