Question: Will Amazon Stock Drop More?

Why does Amazon stock keep 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 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 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.

What will be the next Amazon stock?

S&P 500 Stocks Expected To Be Most Valuable In 12 Months

CompanyTickerStock price on 1/31/2020
Amazon.com(AMZN)2008.72
Alphabet(GOOGL)1432.78
Facebook(FB)201.91
Berkshire Hathaway(BRKA)335996.01

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