Shares of tech giant Amazon.com Inc (NASDAQ: AMZN) are currently trading right around $250, having rallied close to 30% in just a few weeks and coming within touching distance of their all-time high. It marks one of the stock’s strongest runs over the past 12 months and is a sharp reversal from the weakness and lethargy seen earlier this year.
For longer-term investors, it will be a welcome turn of pace that feels a lot more like the Amazon stock they’re used to. After trading sideways for months and getting hit hard following February’s earnings report, which saw the company land a rare miss and raise concerns about its capital expenditure, Amazon has been a frustrating stock to own.
