The e-commerce giant overinvested in capacity while consumers returned to shopping at brick-and-mortar stores.
Amazon (AMZN 1.30%) 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.
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.
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