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Amazon Stock Finally Hit a Record High After 3 Years. Can It Keep Going Up?

TheMotleyFool

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Amazon Stock Finally Hit a Record High After 3 Years. Can It Keep Going Up?: https://g.foolcdn.com/editorial/images/778253/amazon-locker.jpg

Did you know that until recently, Amazon (NASDAQ: AMZN) stock was still off of its 2021 highs? Amazon stock last hit a high in July of 2021, almost three years ago. Even though Amazon stock gained 81% last year, it still came into 2024 nearly 20% below its peak.

It finally topped that in April. Can it keep going?

Amazon stock sank in the in the previous bear market, and it's been climbing again since bottoming out last year. It surpassed its previous record in April of this year and hit a new high last week.

Source Fool.com

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