Amazon Stock is Down 50% From Its High. Time to Buy?

Amazon Stock is Down 50% From Its High. Time to Buy?

Amazon (AMZN 1.00%) shares reached an all-time high of $186.57 on July 8, 2021, amid the COVID-19 pandemic when home-bound consumers flocked to the e-commerce giant for necessities.The company's stock has since fallen 50%, suffering from a stock market sell-off in 2022. Amazon has been hit particularly hard as rises in inflation have led to reduced consumer spending. With a majority market share in e-commerce and cloud computing, an investment in Amazon seems like a no-brainer. However, as the likelihood …