Amazon’s Latest Move Confirms this Stock’s Attractiveness
- Date: 05-Dec-2021
- Source: Nasdaq
- Sector:Financial Markets
- Country:Middle East
Amazon’s Latest Move Confirms this Stock’s Attractiveness
Online retailer and cloud computing specialist Amazon (AMZN) has pretty much conquered the retail landscape. It's now an indispensable part of shopping, not just in America, but worldwide as well. Its latest move demonstrates its sheer diversity as a brand as well. That combination of retail primacy and enormous versatility keeps me deeply bullish on Amazon as a whole.
Looking at Amazon's stock charts for the year so far demonstrates its incredible value for shareholders. Despite a series of ups and downs, the company's share price spent less than a week, throughout this entire year, valued at less than $3,000 per share.
Though the company has seen plenty of spikes and retractions, its overall trajectory for the year has been largely upward. There was a substantial loss between mid-February and early March. However, the company recovered from that rapidly enough and established its first of a series of highs for 2021. (See Amazon stock charts on TipRanks)
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