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Amazon's Stock Performance And Financial Results Overview

The logo of Amazon is seen

Amazon's stock (NASDAQ: AMZN) has shown significant growth since the start of 2023, outperforming the S&P 500 index. Despite this, the stock is currently trading below its estimated fair value of $205 according to Trefis. The stock price has remained relatively stable, hovering around $170 amidst economic fluctuations.

Amazon's stock performance has been volatile, with returns of 2% in 2021, -50% in 2022, and 81% in 2023. In comparison, the S&P 500 saw returns of 27% in 2021, -19% in 2022, and 24% in 2023. This indicates that Amazon underperformed the S&P in 2021 and 2022.

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