Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Amazon Stock Climbed 14% Last Month

TheMotleyFool

0 0

Shares of Amazon (NASDAQ: AMZN) moved higher in July, riding a bullish wave in e-commerce stocks as the U.S. experienced another resurgence of COVID-19 cases. The tech giant also reported a blowout earnings report at the end of the month. According to data from S&P Global Market Intelligence, the stock finished the month up 14%.

As you can see from the chart below, the stock got off to a strong start and held on to those gains for the duration of the month, surging on its earnings report at the end.