Shares of Amazon (AMZN +0.12%) set an all-time closing high of $284.02 on Aug. 3. They got there fast, jumping about 21% over the two trading days after the company posted its second-quarter results.
Since then, the stock has given back most of that jump. At roughly $249 as I write, shares sit about 12% below their record. And the stock’s rise of about 8% so far in 2026 now lags the S&P 500 (^GSPC +0.51%), up about 13%.
But Amazon hasn’t reported another quarter since that peak. The latest numbers investors have are the same ones that sent the stock to its record in the first place.
I think this makes the drop an opportunity.
Image source: The Motley Fool.
What’s changed since August?
The biggest new development is a lawsuit. On Aug. 31, the Federal Trade Commission and 22 state attorneys general sued Amazon over its ad auctions. The complaint alleges that Amazon described them as second-price auctions (where the winner pays just above the next-highest bid) but charged Sponsored…
https://www.fool.com/investing/2026/09/27/i-d-buy-amazon-stock-while-it-sits-12-below-its-record/
