Amazon Stock Drops Amid Concerns Over AI Costs and Executive Sales

Amazon's stock fell by 1.5% during mid-day trading on Thursday, reaching as low as $255.02 and last trading at $256.26.

A total of approximately 35,654,552 shares were traded, which is a decline of 27% from the average daily volume of 48,630,262 shares.

Analysts remain bullish on Amazon's long-term prospects, with Citizens reaffirming their Market Outperform rating and $315 price target.

The company has been investing heavily in AI infrastructure, which is weighing on cash flow, although AWS growth is accelerating.