Amazon’s (AMZN) stock is sucking wind into 2023 as investors fret about still-bloated costs and what is shaping up to be a disappointing holiday shopping season.
Shares of the tech giant are now hovering at a fresh 52-week low and down 50.3% year to date, according to Yahoo Finance data. The stock is rivaling dreadful performances from its partners in the closely followed FAANG (Facebook/Meta, Apple, Amazon, Netflix, Google) complex, as Meta Platforms (META) has suffered a 63% drop and…
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