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Amazon Stock Surges 3.97% on Friday Amid Citigroup's Bullish Outlook

Guavy AI Editorial Team Published August 29, 2026

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AMZN

Amazon's stock price surged by 3.97% on Friday, August 28th, 2026, reaching $266.43 from a low of $257.78 to a high of $267.56.

This rise comes after a series of declines over the past two weeks, with Amazon's stock falling in seven out of the last ten trading days.

According to recent analysis, Citigroup gave Amazon a 'Market Outperform' grade with a 'hold' action on August 14th, 2026.

The technical signals are mixed, with both short and long-term Moving Averages indicating a buy signal, while the MACD issued a sell signal.

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