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MarketBeat
MarketBeat
Business
Sam Quirke

Amazon Stock Rally Hits New Highs: Buy Into Earnings?

Amazon MarketBeat

Tech giant Amazon.com Inc (NASDAQ: AMZN) continues to make a strong case for being one of the market’s top momentum plays of the year to date. Shares closed just below $230 on Monday night after a 1.4% pop extended its multi-month rally to fresh highs.

The stock has been up more than 40% since April and is within striking distance of reclaiming February’s all-time high. 

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