Maybe in hindsight it was all inevitable. Stocks which were world beaters during the pandemic were bound to face a day of reckoning once normality resumed. Amazon (AMZN) was one of the Covid era’s biggest beneficiaries, as out of necessity, the internet shy finally moved online. However, given very tough comps, the move back to the high street and the associated post-pandemic headwinds, the payback has been brutal. Nevertheless, it’s probably safe to say, most would not have foreseen the ecommerce giant’s shares losing 35% of their value over the first half of 2022.
https://www.tipranks.com/news/article/amazon-concerns-are-already-baked-into-the-stock-says-5-star-analyst?utm_source=advfn.com&utm_medium=referral
Amazon com (NASDAQ:AMZN)
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Amazon com (NASDAQ:AMZN)
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