However, this has not been the case recently. The stock is up about 2.5% on Thursday and is currently exercising a six-session winning streak. Amid this stretch, Amazon stock is up 20%.
This move comes before the company 20 in 1 stock splitwhich will go into effect on Monday, June 6.
Some have wondered if Amazon ‘passed its prime’ As the stock split approaches. Given the way the retail and tech giant’s stocks have performed over the past two years, that’s a fair question to ask.
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