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Amazon Stock Struggles Amid Market Volatility, Bullish Projections Remain
Amazon Stock Struggles Amid Market Volatility, Bullish Projections Remain
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Amazon’s stock (AMZN) opened at $185 on Wednesday, continuing its struggle to breach the $200 resistance level since March. The e-commerce giant has seen a 16% decline year-to-date, retreating from its January peak of $242 amid ongoing trade war pressures and tariff uncertainties.
A temporary 90-day tariff pause provided brief relief, attracting short-term investors. Analysts maintain a bullish outlook, projecting double-digit gains by year-end. Entry positions below $200 could yield profits through 2025 as the stock is expected to regain upward momentum after current market headwinds subside.
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