Amazon stock is currently trading at $16.19, up $0.08 from last week’s close.
The stock was last trading at a low of $16 on September 14.
Amazon stock has been one of the most volatile stocks over the past few weeks, bouncing back from an all-time high in August and plummeting to a low in October.
Amazon’s stock is trading at just over $27,000 per share, according to FactSet.
The stock has historically been volatile, though, as it’s been one that has gone up and down based on various factors.
In recent years, Amazon has experienced several periods of price volatility, including the infamous dot com bubble, which peaked in 1999 and later saw it lose nearly a billion dollars.
In an attempt to prevent this trend from repeating itself, Amazon launched a series of price-targeting systems to determine how much the stock would be worth over the next three years.
During the dot com bust, Amazon was able to use the technology to lower the price it was trading at to $16 in 2000.
Since then, the stock has fluctuated widely.
In early 2018, it started a series that targeted $14, a move that pushed it back up to a high of $20.
Amazon has since traded at more than $50,000 a share, though.
This week’s stock action comes just days after the company announced that it would be closing its online bookstore and music streaming business, following a major acquisition from Amazon.
The move has caused a number of online bookstores to close, and has been credited with helping Amazon sell more books.
Amazon’s stock has also been impacted by the Federal Reserve’s monetary policy.
Earlier this month, the Federal Open Market Committee announced that they would begin to ease their $85 billion in QE program.
Amazon said that they plan to start selling their shares of stock again this week.
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