The Damage Report Amazon closed at $199.60 on February 12th, down 13.5% year-to-date and 17.7% over the past month. The stock peaked at $258.60 within the last 52 weeks, meaning it has fallen roughly 23% from that high. The decline accelerated sharply in early February, with the stock's RSI dropping to 23.46, deep into oversold territory and the lowest reading since the 2022 bear market.
Microsoft ( NASDAQ:MSFT) shares are fresh off a historic decline following the release of some poorly-received quarterly earnings results. Undoubtedly, at its worst, shares shed more than 12% of their value in the session that followed the big reveal. The big headline was that $357 billion in value was wiped out. That's the worst day for the enterprise software icon and AI innovator since the 2020 stock market crash.
