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Amazon Stock Recovery Overview
Amazon’s stock (NASDAQ: AMZN) saw a major recovery in 2023, with a significant price increase of over 142.3% since November 2022, when shares fell nearly 50% amid a net loss of $2.7 billion for the year, its first since 2015. In Q4 2022, Amazon incurred $640 million in severance costs while also reporting $2.3 billion in losses from its investment in Rivian. A $100 investment made in Amazon stock in November 2022 is now valued at approximately $242.
In comparison, a similar investment in the S&P 500 would have grown to about $171, reflecting a return of 71.6%. This stark contrast highlights Amazon’s stock as a strong performer in the recovery phase following significant operational challenges and cost-cutting measures, including the layoff of 18,000 employees.
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