29/11/2020

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Things you should know about the Amazon stocks

Things you should know about the Amazon stocks

As the title suggests, this article discusses amazon stocks. The amazon company is a very huge and versatile business space. One of the aspects of the business is the stocks. It has gained a lot of prominence over the years. The stock company of Amazon is very prominent. All across the globe, amazon stocks (NASDAQ AMZN) are very famous. In fact, there are many famous investors.

The amazon gives the opportunity to buy the stocks of different things. You can invest your money on many stocks. In 1994, the first Amazon sold its stocks. Back in the day, there were not many investors. Things started changing very gradually. The company witnessed a sudden shift in the needle. To be president 15’th July 1997 was the year for the Amazon company. As the number of investors suddenly increased. 

The price of the stocks kept rapidly increasing. In 1994 one stock cost 18$. It is quite inexpensive back in the day. The revolutionary year is 1997 as the tables were turned completely. The rate of investors increased. As a result, the company is doing well worldwide. It comes under the category of top 5 all across the globe. 

Did the pandemic affect the Amazon stocks? 

The world business was at a pause during the pandemic. It was unpredictable. The investors of the stocks were at risk. The good news is that the amazon stocks were unaffected by the pandemic. During the lockdown the amazon stocks were stable. Also, web shopping was in great demand. There was a boost in virtual shopping stores. AMZN stock news claims in the last few months there has been a hike upto 20% to 30%. The current price of the stocks is 3,004.48. There are other competitors of the amazon stocks as well.

List of the competing companies: 

There are the competitors of the amazon stocks as well. There are certain things that must be considered. The stocks that are very close to Amazon stocks are equally successful. The companies like Alibaba, Pinduoduo( PDD), MELI, CVNA, W, BABA. All of these have a growing stock market business. All across the globe, it has made a benchmark. In this category, the CVNA and BABA give a neck to neck competition. In the last two months, the stocks of the following companies have done immensely well. 

Wrap-up

There is a huge scope of earning profits. Amazon stocks are one of the best all across the globe. The current situation of the stocks is very profitable.  You can check its cash flow at https://www.webull.com/cash-flow/nasdaq-amzn  if you want to buy amazon stock.

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.