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

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Amazon shies off high after hitting $2,000 per share for the first time? ›

Amazon stock hit $2,000 per share for the first time Thursday. Shares rose as much as 1.4 percent to $2,025.57 but ultimately shied away from the record high to close at $2,002.38. It's a major milestone in the stock's climb to match Apple's $1 trillion market valuation.

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 $174.63.

If you had invested $10,000 in Amazon stock on Jan. 1, 2000 (just before the dot-com crash), your investment would be worth over $470,000 today.

As impressive as that is, original investors in Amazon fare even better. If you had invested $1,000 during Amazon's IPO in May 1997, your investment would be worth $1,341,000 as of August 31, according to CNBC calculations. That's better than the so-called FAANG stocks, plus Ebay – which debuted in that same period.

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 hit $2,000 per share for the first time Thursday.

The all-time high Amazon stock closing price was 189.05 on April 11, 2024. The Amazon 52-week high stock price is 189.77, which is 8.7% above the current share price. The Amazon 52-week low stock price is 101.15, which is 42.1% below the current share price.

If you had invested in Amazon ten years ago, you're probably feeling pretty good about your investment today. According to our calculations, a $1000 investment made in November 2013 would be worth $8,061.01, or a gain of 706.10%, as of November 21, 2023, and this return excludes dividends but includes price increases.

Five years ago, Amazon shares were $70.26 each. So, with $1,000 to invest, I could have bought 14 shares, leaving me $16.36 as spare change. At today's share price of $97.24, my position would be worth $1,361.36. Despite the roller-coaster ride, that's still a respectable 38% return over five years.

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 $530,000. The same $1,000 invested in the S&P 500 would have theoretically turned into $6,186 over the same period.

Has Amazon stock ever been 3,000? ›

Amazon split its shares last summer when its price tag reached over $3,000. While there's the ability to buy fractional shares, high price tags can look like a barrier to entry for many investors. MercadoLibre stock also comes with a four-digit price tag, and stocks with such high prices inevitably split.

Amazon is trading at a price of about $3000 USD per share (as of March 25 2022). After the 20:1 split, if you own 1 share of Amazon, you will get 19 more shares. The price of the original share currently, at about $3000 will be divided by 20, so that a share costs $150 after the split.

Jeff Bezos: Owns 937,774,000 Amazon shares, or 9.02% of shares outstanding. Amazon's founder, executive chairman, and former CEO remains its largest stakeholder, with his stake in Amazon worth about $166 billion. Bezos gifted around $240 million worth of Amazon shares in 2023.

How high can Amazon stock go? As of April 19, 2024, the consensus Amazon stock rating from 45 analysts compiled by MarketBeat was a 'Buy'. According to the latest analyst's price targets, the AMZN stock could reach $202.80 by April 2025.

Amazon. Amazon and Apple have the cash and customer appeal to stick around forever. One of the best investments you can make is to buy shares of a financially strong company that makes products millions of people use every day. Amazon (AMZN -2.56%) and Apple (AAPL -1.22%) are two such companies that come first to mind.

If we apply the S&P 500's average price-to-earnings ratio (P/E) of 27 to this $70 billion in earnings, Amazon's stock would have a market cap of $1.89 trillion in 2025. This is slightly higher than the current $1.77 trillion valuation.

Amazon almost lost it in the burst. In early 2000, Amazon executives realised that the company needs to be in a stronger cash position since the stock markets were fluctuating and Amazon was soon to tap into the European markets. Amazon then sold $672 million in convertible bonds to overseas investors.

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 $189.02.