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%.
Will Amazon stock drop more?
After seeing a rise of 5% over 5 days, the chances of a 5% drop in Amazon stock are about 30% over the subsequent month of waiting (21 trading days) and this increases to 34% when the waiting period is a quarter (63 trading days). This figure shrinks to 26% if you want a year (252 trading days) though.
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’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.
Is Amazon stock a buy now?
Amazon stock is currently not a buy. On July 11, Amazon stock started forming a long saucer-with-handle base.
Is Amazon stock a good buy?
Amazon stock remains a good buy, as we’ll get to. However, there are two caveats: Only investors who are long-term focused should consider buying shares. Investors should build their full position by dollar-cost averaging — investing the same dollar amount at some set time interval, such as quarterly.
What is the most expensive stock?