Based on the Trefis AI engine there is a pretty meaningful, 9% chance that Amazon stock could see a single day drop of 3% or more.
Take this to the next extreme of 5% or greater single-day drop, and the chances that Amazon will bounce back in the subsequent week are still pretty strong 27%.
Is Amazon stock a good buy today?
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 back up?
Earnings growth took a hit in fiscal 2019 as Amazon ramped up one-day-shipping, a costly endeavor. But as it wraps up the last quarter of the year, analysts and investors will look for a return to growth in 2020 — for both its earnings and stock price.
Why is Amazon’s stock dropping?
Amazon shares fell as much as 9% in after-hours trading Thursday following its third-quarter earnings report, with the stock recovering to a 1.3% loss by Friday afternoon. The move was in part due to Amazon’s return to investing heavily in its business, which weighed on profitability.
What will be the next Amazon stock?
S&P 500 Stocks Expected To Be Most Valuable In 12 Months
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