Amazon was established in July 1994. In November 1994, it was registered as Amazon.com. Back then, it was a website for books only. Within just a month, the company managed to sell books to customers in all 50 US states and in 45 countries. The company became successful quickly, as it offered a convenient delivery system where customers could receive purchases directly to their home address anywhere in the world.
Today, Amazon is the biggest internet-based company around the globe, and it has been a leader for years. It’s because Amazon isn’t just a bookstore anymore. The company sells everything you can just imagine.
Amazon held an IPO in May 1997 with a share price of $18.00. Since then, the company has held four stock splits. AMZN stock is listed on NASDAQ. Institutional investors own around 70% of the company’s shares. The percentage is higher than at most firms in the internet retail industry. However, the current stock price is much higher than at the IPO. Moreover, the company doesn’t pay cash dividends. Thus, it’s more beneficial for investors to trade the stock CFD.
Amazon’s revenue and earnings have been growing over the years. Still, traders should always be careful and check the earnings reports to be sure the company performs well. Otherwise, the stock price may decline if the corporation suffers financial issues.
Moreover, traders should be aware of ongoing lawsuits. As Amazon is a large corporation, it is sued often. One of the examples is a lawsuit that lasted over a decade. Amazon argued that employees should be paid for packing boxes, not for standing at a security checkpoint, which does not involve labor or toil. The company failed, as time spent waiting for or undergoing Amazon's daily bag checks is determined as hours worked. It’s worth mentioning that Amazon has been famous for its bad working conditions since its foundation.
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Sell | 178.56 |
Buy | 178.6 |
Sentiment | 100% ▾ |
1-day change | -11.56(-6.08%) |
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#CSCO | N/A | N/A | 2.16 | 4.46% |
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#PANW | N/A | N/A | 39.07 | 12.11% |
#INTC | N/A | N/A | -8.45 | -27.70% |
#MSFT | N/A | N/A | -9.69 | -2.27% |
#GOOG | N/A | N/A | -10.39 | -5.92% |
#PEP | N/A | N/A | 0.2 | 0.12% |
#PYPL | N/A | N/A | 5.58 | 8.35% |
#NVDA | N/A | N/A | 0.5 | 0.42% |
#TSLA | N/A | N/A | -14.35 | -6.28% |
#SBUX | N/A | N/A | 18.33 | 24.04% |
#AMGN | N/A | N/A | -4.68 | -1.38% |
#CL | N/A | N/A | 7.18 | 7.24% |
#ZM | N/A | N/A | 8.54 | 14.12% |
#GILD | N/A | N/A | 2.98 | 3.92% |
#AGNC | N/A | N/A | 0.16 | 1.60% |
#MRNA | N/A | N/A | -23.92 | -23.62% |
#OKTA | N/A | N/A | -13.61 | -14.75% |
#DOCU | N/A | N/A | 4.97 | 9.16% |
#AMZN | N/A | N/A | -11.56 | -6.08% |
#EBAY | N/A | N/A | 3.4 | 6.11% |
#ADP | N/A | N/A | 14.28 | 5.46% |
#DBX | N/A | N/A | 1.39 | 5.85% |
#PDD | N/A | N/A | -34.01 | -26.13% |
#MDLZ | N/A | N/A | 3.97 | 5.85% |
#TRIP | N/A | N/A | -2.96 | -16.96% |
#BKNG | N/A | N/A | 183.17 | 4.92% |
#EXPE | N/A | N/A | 14.83 | 11.94% |
#POOL | N/A | N/A | -21.96 | -5.88% |
#LCID | N/A | N/A | 0.58 | 16.91% |
#COIN | N/A | N/A | -41.5 | -18.46% |
#LRCX | N/A | N/A | -49.82 | -5.72% |
#AVGO | N/A | N/A | 4.4 | 2.79% |
#INO | N/A | N/A | -3.11 | -30.16% |
#AMD | N/A | N/A | 6.06 | 4.25% |
#QCOM | N/A | N/A | 3.2 | 1.86% |
Amazon stocks are included in the calculation of the following stock indices: NASDAQ 100, S&P 500, S&P 100, Russell 1000, S&P 500 Consumer Discretionary Sector, Russell 3000, S&P 100, as well as NASDAQ Composite under the ticker #AMZN.
The price of Amazon shares is influenced by many factors, such as the plans for the company to provide new services for private or corporate clients, and the development and appearance on the market of new versions of modern software that is aimed at using artificial intelligence.
The company's Trump Card is the work of the Amazon Project Kuiper division, which is preparing the launch of satellites for high-speed Internet access around the world. Amazon's stock price is highly volatile. Quotes are subject to sharp changes if the real data is significantly better or worse than the previously published forecasts voiced by analysts of leading investment funds.
In the future, there is a possibility that competition from Chinese participants in the online retail market will increase. At the same time, the growth of the competition will be due to the ability of Asian sellers to offer goods at lower prices and with lower shipping costs than Amazon. As a rule, the analysis compiled by many investment funds takes into account the likelihood of such a situation developing. All this can push the Amazon company's management to generate the main profit, not by trading goods over the Internet, but by providing cloud services to individuals and organizations from around the world.
Amazon belongs to the category of the most expensive companies in the world, thanks to a capitalization exceeding $1 billion. The rate of Amazon shares is quite high. On July 08, 2021, Amazon's stock price reached an all-time high of $3,731.41. This was a disadvantage for investors but not for traders. When you trade stock CFD, you can use leverage and start trading with only $100.
In this LiteFinance outlook, we’ll discuss Amazon stock price predictions, look at charts, see exper...