Amazon Erases a Year of Gains—2 Reasons the Market's Wrong

Amazon Prime delivery box on a front porch, highlighting Amazon’s e-commerce business amid a stock selloff narrative. Key Points Amazon shares are down more than 12% this year and over 20% from November’s all-time high, drifting back toward levels last seen nearly a year ago. The stock’s RSI has sunk into the low 20s, marking one of its most oversold readings in almost four years. Analyst support remains overwhelmingly bullish, with price targets implying close to 60% upside from current levels. Inter ...