According to The Kobeissi Letter, Amazon stock ($AMZN) experienced notable volatility after the White House publicly accused the company of a 'hostile and political act' (source: @KobeissiLetter, April 29, 2025). This statement triggered increased trading volume and a sharp intraday decline, as traders assessed the potential for heightened regulatory risks and political scrutiny. Short-term price action reflected bearish sentiment, with technical indicators pointing to potential support levels being tested. Traders are monitoring for further official statements and policy developments that could impact Amazon's near-term performance.