Down 49% in This Bear Market, Can Amazon Stock Recover in 2023?
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What happened
The S&P 500 is down by about 19% since Jan. 3, 2022, which puts it practically in bear market territory. But shares of Amazon (NASDAQ: AMZN) have fared far worse: They’ve dropped by 49% since then, and are now down 54% from their all-time high.
The S&P 500 is down by about 19% since Jan. 3, 2022, which puts it practically in bear market territory. But shares of Amazon (NASDAQ: AMZN) have fared far worse: They’ve dropped by 49% since then, and are now down 54% from their all-time high.
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