Last week, traders and investors alike began to notice the multi-day strength in Amazon stock. While that would be far from remarkable in years past, Amazon has been anything but impressive lately.
Shares are still down more than 13% from their 52-week high, making Amazon one of the worst-performing FAANG stocks over the past year. Netflix (NFLX – Get Report) is the only stock of the group that’s doing worse.
More baffling is the fact that the S&P 500, Nasdaq and Dow Jones Industrial Average have been chugging higher to new records over the past month.
Black Friday and Cyber Monday sales data have been strong, which many investors were