Amazon Shares are Down 15% Today
Hammerstone Markets Inc.
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Hammerstone Markets Inc.
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On July 5, 2021, Amazon founder Jeff Bezos stepped down as the CEO & transitioned into the role of executive chairman.
A few days later, on July 13, 2021, the shares of Amazon's stock ($AMZN) made all-time-highs of $3773, the shares are -34% since that day, trading at levels last visited in June, 2020.
Coincidence? Bad timing? New CEO Jassy's leadership & decisions? Bring Bezos back? His seat is still warm.