NEW YORK – Shares of e-commerce and cloud computing giant Amazon (NASDAQ: AMZN) finished a volatile trading session in the red on Thursday, leaving investors to ponder the stock’s direction heading into next week. While the main session was dominated by sellers, a modest recovery in after-hours trading may offer a glimmer of hope for a potential rebound on Monday.
Amazon closed the regular trading day at
2.83 (1.33%). The day’s trading showed clear bearish sentiment, with the stock opening high at $214.68, near the session’s peak of $214.89, before succumbing to immediate and sustained selling pressure. The stock slid throughout the morning, eventually hitting a low of $208.27 before finding some support.
This downward move pushed the stock well below its previous close of $212.52, indicating a decisive win for the bears during official market hours.
However, the story didn’t end at the 4:00 pm closing bell. In after-hours activity, Amazon shares saw a slight uptick, rising
210.18. This positive post-market movement, though small, suggests that some buyers saw the lower closing price as an attractive entry point. This “dip-buying” activity could set a more constructive tone for the market open on Monday.
Outlook for Monday:
The market will be looking for clues as to which trend will prevail.
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The Bullish Case (Market Up): If investors focus on the after-hours recovery, it could signal that the sell-off was overdone. Buyers might step in with renewed confidence on Monday, using the after-hours price of ~$210 as a new base. A break above the day’s closing price could build momentum to try and reclaim the $212 level.
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The Bearish Case (Market Down): If the negative sentiment from the main trading session carries over, the slight after-hours gain could quickly evaporate. The failure to hold the day’s opening highs shows significant resistance. A break below the day’s low of $208.27 on Monday could signal further downside.
Investors will be closely watching the opening price on Monday morning to see if Amazon can build on its after-hours momentum or if the selling pressure from last week will resume.
