Amazon: The Last Time It Was $88 (6 min read)
Shares of Amazon traded around $88 on Wednesday, which was not seen even during the lows of the pandemic. The last time it traded at this price was almost 4 years ago in March 2019. This led to some investors questioning where it will go from here. Given the technical weakness and worsening fears about inflation and rate hikes, the author of this article believes it will slide further into the $70 range before the bullish sentiment returns.