"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 308,700% 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 fourth-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's stock rose over 308,700% from its May 1997 IPO split-adjusted price of seven cents to become a top-four market-cap company and a Magnificent 7 mainstay. From 2014 to 2024 shares climbed more than 1,025%, while revenue increased from $89 billion to $638 billion, a rise of over 616%. Net income moved from −$0.241 billion to $59.2 billion, a gain of 24,664.3%. The stock gained 150.70% from March 13, 2020 ($89.25) to December 2024 ($134.50) as pandemic-driven demand surged. A surprise loss occurred in 2022 after COVID-era sales were pulled forward. Future performance through 2030 will hinge on macroeconomic conditions, industry trends, growth metrics, and valuation measures such as P/E ratios.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]