"Amazon.com Inc. ( NASDAQ: AMZN) has been one of the stock market's biggest success stories ever. The company had its initial public offering in May 1997 and traded for an astonishingly low split-adjusted price of just seven cents per share. Since then, the stock has gained over 294,600% as the company has grown into the linchpin of e-commerce. Since its inception, Amazon has become a mainstay in the Magnificent 7 and now commands the fifth-largest market cap of any publicly traded company."
"From 2014 to 2024, shares of Amazon surged by more than 1,025%, from $19.94 to $223.75. A considerable amount of that gain came between March 2020-coinciding with the arrival of the COVID-19 pandemic-and last year. From March 13, 2020, through the end of December 2024, the stock climbed from $89.25 per share to $134.50, a gain of 150.70%, as the company became the focal point for sourcing materials during lockdowns."
Amazon began trading after its May 1997 IPO at a split-adjusted price of seven cents and subsequently gained over 294,600%, becoming a Magnificent 7 mainstay with the fifth-largest market capitalization. From 2014 to 2024, shares rose more than 1,025% from $19.94 to $223.75, with a 150.70% increase from March 13, 2020 to December 2024 as the company served as a sourcing focal point during lockdowns. Revenue increased from $89 billion to $638 billion, a rise exceeding 616%, while net income moved from −$0.241 billion to $59.2 billion, a gain of 24,664.3%. Pull-forward COVID sales produced a surprise loss in 2022. Future performance through 2030 will hinge on e-commerce success, broader industry trends, macroeconomic conditions, and valuation metrics such as P/E ratios.
Read at 24/7 Wall St.
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