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Down $600 Billion, Is Amazon Stock a Buy?

The e-commerce giant overinvested in capacity while consumers returned to shopping at brick-and-mortar stores.

By Parkev Tatevosian, CFA – Oct 6, 2022 at 8:00AM EST

Amazon (AMZN +1.25%) has seen its stock price tumble in 2022 as people reversed their shopping behavior. In this video, I will highlight what has caused its market capitalization to fall by nearly $600 billion and determine if that's an opportunity to buy Amazon stock. 

*Stock prices used were the afternoon prices of Oct. 3, 2022. The video was published on Oct. 5, 2022.

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About the Author

Parkev Tatevosian, CFA
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Parkev Tatevosian has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Amazon Stock Quote
Amazon
NASDAQ: AMZN
$268.36
(+1.25%)+$3.30

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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