What's Going On With Amazon Stock Wednesday?

Amazon expanded its less-than-truckload (LTL) freight service across the U.S. as part of its Amazon Supply Chain Services, supporting shipments of one to six pallets with real-time tracking and automated scheduling. The expansion targets the $1.3 trillion global third-party logistics market. Despite the news, Amazon shares fell 0.41% in premarket trading as tech stocks faced broader headwinds. Wall Street maintains a Buy consensus with a $320.86 average price target ahead of the July 30 earnings report, expecting 8.3% EPS growth and 16.8% revenue growth year-over-year.