Amazon Allure Grows With Cheaper Shares Than Apple, Walmart
Amazon shares are 6% lower this year, and are coming off seven straight weekly declines.
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Amazon.com Inc. shares are starting to look like a bargain, a word that has rarely been used to describe the stock.
The recent drop in the company’s share price — coupled with expectations for durable long-term earnings growth — have brought its valuation to levels rarely seen since the company went public in 1997. This could limit additional downside in the event of further weakness in the broader market.