On Tuesday 10th May 2016, Amazon made an all time high of $701.40 surpassing its previous all time high of $696.44 which is a 3.8% increase in the stock price. Amazon share price has increased by 46,660% from its Initial Share Price IPO. Amazon a company known for its online retail services, which started as an online bookstore before diversifying into other consumer products such as furniture, electronic games, food. It was founded by in 1995 by Jeff Bezos. Amazon is going into video streaming and music downloads, which analysts feel will be a major competition to you tube. It is also into drone delivery and cloud services.
Amazon host major clients through like Netflix through its Amazon Web Services AWS.
AWS is made up of so many cloud computing products and services. The highly profitable Amazon division provides servers, storage, networking, remote computing, email, mobile development and security. Sourced from Investopedia. AWS is divided into 2 which are EC2, Amazon Virtual Machine Service and S3, Amazon Storage System. AWS has a storage capacity of 150 million cubic feet which is 10 times more than its nearest competitor. AWS have fulfilment centres in 12 regions.
Amazon made $107 billion in sales and a net in income of $596 million in 2015. The overall performance of Amazon since the Initial Public Offer IPO on May 15 2007 is heading into 50,000% following the progress in the increase in share price. Analyst predicts that a 50,000% increase since its IPO can be reached before the end of the year.
Shares were initially priced in the $12 to $14 range, then boosted twice to $18. Investors bid up shares over $29 at the open followed by a high around $23.50. Yahoo finance puts the stock closing price the following day at $20.75 or $1.73. A bit of cross multiplying allows us to adjust the Initial Share Price IPO ($18) to $1.50, set against Tuesday morning high, that’s a return of 46.660%. Sourced from Investopedia.