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Amazon's Stock Takes the Tariff Tumble. Here's Why I'm Still Holding. [Yahoo! Finance]
Last amazon.com, inc. earnings: 4/30 04:01 pm
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As a leading seller of imported goods, e-commerce giant Amazon (NASDAQ: AMZN) took a particularly hard hit. The stock closed the day down 9%. Amazon's share price is back where it was a year ago, erasing 2024 gains of more than 30%. Following along with Wall Street's general trend, Amazon's price drop started in February and accelerated as the tariff threat evolved from a threat to a real policy. But this ain't Amazon's first rodeo, and it won't be the last by a long shot. Here's why I see this price drop as an open invitation to buy more Amazon stock at a discounted price. You might recall some classic Amazon price drops of the past. Here's a memory-jogging price chart from the start of 2008 to April 3, 2025. The S&P 500's total return is included as a comparative courtesy. Don't worry -- there won't be a quiz: The more recent mega-cuts are pretty easy to see. For example, a couple of disappointing earnings reports led to price drops of 8.8% on Aug. 2 last year and 8.4% on Feb
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