Shares of Amazon.com Inc. (NASDAQ: AMZN) have spent the past two weeks under pressure, sliding from record highs near $260 at the start of the month to almost $215 last week. The good news for investors is that despite that sharp move, the stock hasn’t broken any key technical levels, and momentum is already improving.
It appears that much of the selling was driven by a broader souring of sentiment, especially in tech stocks. However, giving up more than 15% of gains without much defense from the bulls is never a good look. The big question now as we head into Thanksgiving weekend is whether this pullback marks the start of something deeper or a rare opportunity to buy one of 2025’s best-performing mega-caps at a discount.
