Amazon.com (NASDAQ: AMZN) and Microsoft Corporation (NASDAQ: MSFT) are approaching key support levels as their stock prices continue to decline. Veteran analyst Bruce Kamich highlights that Microsoft’s stock has fallen 14% since mid-July, while Amazon’s shares have decreased by 14% since February 4. Kamich emphasizes the importance of these support levels, suggesting that a breach could signal further downside potential for both stocks.
As of 10:34 AM EST on February 27, 2025, Amazon’s stock is trading at $213.71, reflecting a decrease of $0.64 (0.30%) from the previous close. Microsoft’s stock is trading at $399.02, down $0.71 (0.18%) from the previous close.
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About Amazon
Amazon.com, Inc. is a multinational technology company focusing on e-commerce, cloud computing, digital streaming, and artificial intelligence. Founded in 1994, Amazon has become one of the world’s most valuable brands, offering a wide range of products and services to consumers and businesses globally. For more information, visit amazon.com.
About Microsoft
Microsoft Corporation is a global technology company specializing in software, hardware, and services. Founded in 1975, Microsoft is known for its Windows operating system, Office suite, and Azure cloud services, among other products. The company aims to empower individuals and organizations worldwide to achieve more. For more information, visit microsoft.com.
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