I'd Buy Amazon Stock While It Sits 12% Below Its Record
The cloud unit is growing faster than it has in years. Why are the shares cheaper than they were in August?
Overview
Shares of Amazon (NASDAQ:AMZN) set an all-time closing high of $284.02 on Aug. 3. They got there fast, jumping about 21% over the two trading days after the company posted its second-quarter results.
Since then, the stock has given back most of that jump. At roughly $249 as I write, shares sit about 12% below their record. And the stock's rise of about 8% so far in 2026 now lags the S&P 500 (SNPINDEX:^GSPC), up about 13%.
Details
But Amazon hasn't reported another quarter since that peak. The latest numbers investors have are the same ones that sent the stock to its record in the first place.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.