Tech giant Amazon.com Inc's (NASDAQ: AMZN) shares surged 8% on Monday, hitting their highest level since March and continuing a sharp rebound off the April lows. The stock is now up nearly 30% in just a few weeks and has reclaimed the $200 level—a threshold that's quickly looking like it may become a permanent floor.
This latest leg higher comes amid a wave of bullish sentiment from both analysts and investors, driven by strong earnings, improving macro conditions, and a textbook technical setup. With momentum building and price targets climbing as high as $305, it's worth asking: Will last week come to be seen as the last time Amazon ever traded below $200?
