"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 285,800% 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 five-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 from a split-adjusted IPO price of seven cents to become one of the largest publicly traded companies, joining the Magnificent 7. From 2014 to 2024, shares climbed more than 1,025%, with pandemic-era demand driving large gains between March 2020 and December 2024. Revenue grew from $89 billion to $638 billion and net income turned from a −$0.241 billion loss to $59.2 billion. Sales pulled forward during COVID-19 created supply and demand imbalances that led to a surprise loss in 2022. Future performance through 2030 will hinge on e-commerce, cloud, and other key drivers.
Read at 24/7 Wall St.
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