Hey guys, are you looking to invest in Amazon in 2020? If yes, then you are at the right destination for getting some backstory. We all are now in between a serious Global pandemic where millions of lives are at risk. In such a panic situation, every business, whether it’s big or small suffered losses.
This was because human resources were not available to businesses, and loss was accompanied with lockups. During such tough situations, Amazon at https://www.webull.com/quote/nasdaq-amzn was the only e-commerce or tech company whose stock rates were increasing with the number of stocks.
It was quite surprising because businesses were suffering huge losses, and it was not applicable to Amazon.
This company emerged as one of the biggest turnovers in the market with a huge profit. Have you ever thought about the stock market rates of Amazon if global pandemic never occurred? If no, then you are at the right destination for it because this article is all about it.
Detailed study of how the pandemic is affecting the company
The Covid-19 pandemic Amazon emerged as a relief to get necessary products. Stock market rates also underwent an increase, surprisingly in such a panic situation. Due to lockdown, stepping outside was a crime and Amazon didn’t let this chance fall off their hands.
Now, the pandemic is still on its peak, but Amazon is earning for lives and lives of profits. We want you to turn around and look at what was the stock market performance of Amazon before this pandemic occurred. In the year 2018, the average stock market price was 1641.7262, which was a great number.
At the start of the year, the stock price was 1189.0100, which was a decent number at first. Amazon went ahead and peaked the stock price at 2039.5100. These numbers were great for Amazon as the biggest e-commerce company in the world. You can check out the recent stock market rate of NASDAQ AMZN increasing day by day
In this year, an annual growth change was about 28.43%. These numbers were also carried ahead in the year 2019 wherein the later part of the year, Covid-19 pandemic happened. Amazon’s average stock price Rate was 1789.1929, which was higher than the previous year. The 2 trillion marks were crossed, and Amazon recorded 2020.9900 in a global emergency period.
This states that the performance of Amazon would have been the same without the covid-19 pandemic. Amazon is one the roll of completing a successful, profitable decade and stock market performance. You will also see the future stock market rates of Amazon increasing with the passing months. We hope that this article will provide you with the necessary information needed. For more information relating to Amazon stock, you can check at https://www.webull.com/newslist/nasdaq-amzn.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.