Amazon shares slid more than 2% to 254.14 on Tuesday, extending a selloff into a second day after regulators sued the company over its advertising practices.
The FTC and 22 states filed the case, triggering a 2.5% drop in Amazon stock on Monday afternoon and keeping pressure on the shares into Tuesday trading.
The back-to-back declines put Amazon stock near a technical test, with the lawsuit adding a fresh regulatory overhang for the tech giant.