Amazon shies off high after hitting $2,000 per share for the first time (2024)

FAQs

What was Amazon share price in 2000? ›

The closing price for Amazon (AMZN) in 2000 was $0.78, on December 29, 2000. It was down 80.9% for the year. The latest price is $180.17.

If I really wanted to impress you with big numbers, I'd point out that a $1,000 Amazon stake on the date of its initial public offering (IPO) in 1997 would have grown to $1.6 million by now.

Amazon shares were revalued to $120 per share, after trading well above $2000 per share prior to the stock split. Shares closed 2% higher at $124.80 in Monday trading, after hitting an intraday high of $128.70 early in the session.

Amazon. Amazon (NASDAQ: AMZN) has had four stock splits since its initial public offering in 1997, with its most recent one occurring in June 2022 in a 20-to-one split. The company has enjoyed immense success over the years by leading two crucial sectors: e-commerce and cloud computing.

Analysts at Coin Price Forecast do offer a 2034 projection for Amazon stock, estimating a 10-year price increase of 276%, to $672 per share.

Amazon Stock: Wall Street Projections For 2024

Of the 65 Amazon stock analysts following the company, 95% hold a buy rating, according to FactSet. Further, FactSet data shows those analysts have, on average, set a 12-month price target of 222.15 for Amazon stock, according to FactSet.

As a result, an investment of $10,000 a decade ago would be worth over $107,000 today. The company made many millionaires over the last decade, begging the question: Does it still have much to offer new investors? Let's examine Amazon's business more closely and determine whether it's still worth investing in in 2024.

What does that look like on a brokerage statement? Check out the above chart and you'll see that if you invested $1,000 in Apple stock 20 years ago, it would today be worth almost $454,000. The same $1,000 invested in the S&P 500 would theoretically have turned into almost $7,000 over the same period.

Amazon stock remains a strong long-term buy and looks capable of outperforming the wider market over the next five years. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors.

CHIPOTLE SHAREHOLDER APPROVAL PAVES WAY FOR HISTORIC 50-FOR-1 STOCK SPLIT - Jun 6, 2024.

Will Amazon stock ever go back up? ›

I think it's quite possible. A 100% return by the end of 2030 translates to a compound annual growth rate of around 11.3%. Amazon's earnings increased by 14% year over year in the fourth quarter of 2023. If the company can keep up this growth rate, its stock has a good shot of doubling or more by 2030.

Amazon split its shares last summer when its price tag reached over $3,000.

The all-time high Amazon stock closing price was 189.50 on May 09, 2024. The Amazon 52-week high stock price is 191.70, which is 6.9% above the current share price. The Amazon 52-week low stock price is 118.35, which is 34% below the current share price. The average Amazon stock price for the last 52 weeks is 152.02.

Founder and longtime CEO Jeff Bezos instilled a "Day One" philosophy in the company and insisted that it would invest for the long term. Amazon has never paid a dividend, and the company rarely buys back its stock. In fact, its share count has grown consistently over its history due to share-based compensation.

This year's was the first stock split Amazon had undertaken since 1999, when it executed a 2-to-1 split that brought each share price to $57.50. Prior to its most recent split, a share of Amazon stock was worth $2,785.58, which converted to $139.28 after the 20-to-1 split. It closed last week at $113.55.

If you had invested $1,000 in Google stock on Aug. 19, 2004, today, you would have $60,107. Likewise, if you had invested $1,000 in an index fund replicating Nasdaq, you would have $9,000.

The closing price for Amazon (AMZN) in 2001 was $0.54, on December 31, 2001. It was down 31.6% for the year. The latest price is $182.99.

The closing price for Amazon (AMZN) in 2003 was $2.63, on December 31, 2003. It was up 174.2% for the year. The latest price is $178.38.