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Even when the share price dropped by almost half in 2022,investorsstill buy it.
Heres what you better know.
Amazons Price History
Like many tech companies, Amazons rise has not been a straight line.
The company sort of bumped along from its IPO in 1997 through 2015.
Amazons Stock Splits
Amazon stockhas split four times in its lifetime.
In January 1999, it split again, this time 3-for-1.
There was a second split in September 1999, also 2-for-1.
In 2022, Amazon stock split again, this time 20-for-1.
If you purchased one share of Amazon before June 2, 1998, you would have 240 shares today.
Amazon stock sold June 1, 1998, at $85.68 per share.
The stock closed at $182.81 on June 18, 2024.
Of the 47 analysts who recommended Amazon in June, 44 rated it a buy or a strong buy.
That said, there are other tech companies that are also positioned to capitalize on this trend.
As with any investment, its impossible to see into the future.
However, the experts think that Amazons stock will continue to climb.
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