Amazon Stock Proved Me Wrong

By Parkev Tatevosian, CFA – Sep 7, 2023 at 4:30AM

NASDAQ: AMZN

Amazon

Market Cap

$1,836B

Today's Change

(-1.61%) -$2.88

Current Price

$176.44

Price as of May 31, 2024, 4:00 p.m. ET

The rapid pace at which it controlled expenses was shocking.

Fool.com contributor Parkev Tatevosian discusses what he got wrong about Amazon (AMZN -1.61%) stock.

*Stock prices used were the afternoon prices of Sept. 3, 2023. The video was published on Sept. 5, 2023.

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon.com. 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 his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.