Amazon.com Inc. shares fell 7.70% over the last five trading sessions, resulting in a year-to-date loss of 2.94%. Jeff Bezos sold approximately 3 million shares for $665.8 million as part of a larger plan to sell up to 25 million shares by 2026. Q2 earnings showed strong revenue and EPS results, exceeding expectations, but the company projected a weaker Q3 outlook. Despite this, analysts have raised their price targets for Amazon, reflecting continued confidence in its long-term performance.
Amazon's stock has lost 7.70% in the last five trading sessions, contributing to a year-to-date loss of 2.94%. Additionally, Jeff Bezos sold nearly 3 million shares worth $665.8 million.
Despite beating earnings and revenue expectations for Q2, Amazon's outlook for Q3 is weaker than analysts' forecasts, with an expected operating income of $15.5 billion to $20.5 billion.
Analysts remain bullish on Amazon, with various firms adjusting their price targets upwards following the Q2 earnings report, reflecting positive sentiment despite recent stock performance.
From August 5, 2024, to February 4, 2025, Amazon's stock gained nearly 50.33%, but has since declined by 11.70%, indicating volatility in its performance.
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