Ecommerce giant’s stock has rocketed 38% over the past four months
Amazon’s stock gained for four-straight months, the longest such streak since the four-month win streak that ended January 2020.
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Shares of Amazon.com Inc. rallied Friday to the highest close in more than nine months, and ended June with a fourth-straight monthly gain.
The stock’s AMZN rally comes as investors gird for the ecommerce giant’s annual Prime Day sales event in mid-July.
J.P. Morgan analyst Doug Anmuth reiterated the overweight rating he’s had on the stock…
