7/31/2023 0 Comments Shares per class amazon![]() The tech giant also does not currently offer a Direct Stock Purchase Plan. With regards to dividends, Amazon has never declared or paid cash dividends to their common stockholders. This propelled Amazon stock price to a high of over $3500. 2020 was a good year for Amazon with stay-at-home stocks seeing incredible growth, which was accelerated due to lockdown measures around Covid-19. To put that growth in perspective, a $1,000 investment in 2008 would now be worth over $23,000 at current market prices for the Amazon stocks. Amazon has witnessed tremendous growth over the last decade, rising from below $80 during the financial crisis in 2008, to ~$2,000 per share 10 years later. This puts the split-adjusted initial public offering of the Amazon stock price at $1.50 per share. Since then, the company has had 3 stock splits: 2-for-1 on 2 nd June 1998 3-for-1 on 5 th January 1999 and finally, 2-for-1 on 1 st September 1999. When Amazon went public, they started trading at $18.00 per share. Andy Jassy has also been described as being more approachable than Bezos, and this might help in alleviating the threat of worker unionisation going forward. But his credentials go beyond his proven performance and track record. Andy Jassy has been leading the profitable arm from the very beginning, and investors are confident that his new role will help Amazon take the lead in future tech areas such as Robotics, Virtual Reality, the Internet of Things, Identity Management, and Quantum Computing.Īs an Amazon insider, it is expected that Andy Jassy will maintain the long-term vision of the company. ![]() AWS has millions of customers around the world, including over 120 fortune 500 companies. A cloud computing guru, Andy Jassy has been with Amazon since 1997, and prior to his new role, he was heading the successful Amazon Web Services (AWS) division.ĪWS is now the world’s leading cloud computing service provider, and in 2020, it was responsible for over 52% of Amazon’s operating income. Investors gave the move a thumbs-up as the stock closed over 3.5% higher when the new leader took charge on the 5 th of July 2021. Amazon Stock Trading in 2021Ĭorporate changes are capable of impacting stock prices significantly, and this was on display when Amazon changed its CEO, when the founding CEO, Jeff Bezos, handed over the baton to Andy Jassy. To date, its most notable acquisitions have been Whole Foods ($13.7 billion) Ring ($1,8 billion), which is a smart doorbell maker Kiva Systems ($775 million), a robotic fulfilment system manufacturer Zappos ($1.2 billion), online shoe and clothing retailer and PillPack ($1 billion), a full-service pharmacy that packs and does door to door delivery. This however, has changed in recent years with Amazon completing at least 11 acquisition deals in 2017 and at least 5 since then. When it comes to acquisitions, Amazon has traditionally been known as a conservative buyer with few acquisitions compared to its tech competitors. Recognised as a continually innovative company, Amazon investors can be confident that this will propel the company to maintain its competitive edge. This has made Amazon stock one of the most sought after by investors worldwide. Today, Amazon is headquartered in Seattle, Washington and is now the largest eCommerce and cloud computing company in the world, both in terms of revenue and market capitalisation. Less than one year later, Amazon held its IPO (initial public offering) on the May 15 th 1997, trading under the ticker AMZN on the NASDAQ exchange at a price of $18 per share. In October 1995, Amazon announced itself to the public and in 1996, was reincorporated in Delaware. Within a couple of months, the business was already generating revenues of $20,000 per week. ![]() Amazon was founded on the 5 th1994 by Jeff Bezos as an online bookstore, with start-up capital of $250,000 from his parents. ![]()
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