Amazon Stock Enters Technical Correction After FTC Lawsuit

Barchart reported that Amazon shares have fallen more than 11 percent from their recent all-time high and are entering a technical correction. The account linked the move to a lawsuit brought by the FTC and 22 states. Separate posts noted an earnings gap that could be filled and stated that Jeff Bezos sold Amazon shares near the peak. One post suggested magnified bearish exposure via the Tradr 2X Short AMZN Daily ETF.