How high can Amazon stock go up?
On Tuesday, Amazon stock hit a new all-time high.
The stock soared roughly 5% to go slightly over $2,275.
The company just announced that it would hire 175,000 people to meet increased demand, which has likely helped to boost the stock.
Is Amazon stock a good buy?
Amazon stock is currently not a buy, though conditions are improving. The stock is currently in a consolidation phase, with a buy point of 2,185.95. Buying stocks in a bear market comes with a high risk. It’s wiser for investors to place well-performing stocks on their watchlist for further evaluation.
Will Amazon stock go up in 2020?
Amazon.com, Inc. (AMZN) stock closed 2019 at $1,847.84 and closed Friday, Jan. 17 at $1,864.72, up just 0.9% so far in 2020. The stock is in bull market territory at 42.7% above its low of $1,307.00 posted on Dec.
Why is Amazon stock so high?
Amazon.com, Inc. (AMZN) stock is trading at an all-time high on Tuesday morning after the company announced that it will hire 75,000 workers to keep up with exploding demand triggered by the nationwide pandemic shutdown.