Wondering how much Amazon stock is worth today, or what drives its price changes? Whether you’re a beginner exploring investment options or simply want to stay informed, understanding Amazon’s stock value and the factors behind its movement can help you make smarter decisions. Read on for the latest data, trends, and practical insights.
As of June 20, 2024, according to Yahoo Finance, Amazon stock (AMZN) closed at $187.65 per share. The company’s market capitalization stands at approximately $1.95 trillion, making it one of the world’s most valuable public companies. Daily trading volume regularly exceeds 40 million shares, reflecting high liquidity and investor interest.
Amazon’s stock price is influenced by a range of factors, including quarterly earnings reports, changes in consumer demand, and broader market trends. For example, in Q1 2024, Amazon reported revenue of $143.3 billion, up 13% year-over-year, which contributed to a positive movement in its share price. Source: Amazon Q1 2024 Earnings Report, April 2024.
Several elements play a role in determining how much Amazon stock is worth at any given time:
Understanding these factors can help you interpret why how much Amazon stock changes from day to day.
Amazon continues to innovate and expand its business. In June 2024, the company announced a new partnership with several logistics providers to streamline last-mile delivery, aiming to reduce costs and improve efficiency. This move was positively received by analysts and contributed to a modest uptick in the stock price. Source: Reuters, June 18, 2024.
Additionally, Amazon Web Services (AWS) remains a growth engine, with Q1 2024 revenue reaching $25 billion, up 17% year-over-year. The company’s ongoing investment in artificial intelligence and cloud infrastructure is expected to support future growth, which may influence how much Amazon stock is valued by the market.
Many new investors believe that they must buy a whole share of Amazon stock, but most brokers now offer fractional shares, allowing you to invest any amount. It’s also important to remember that past performance does not guarantee future results, and stock prices can be volatile.
For those interested in tracking how much Amazon stock is worth, reliable sources include financial news outlets and official exchange data. Always verify the latest price before making any decisions.
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Staying updated on how much Amazon stock costs and what drives its price can help you make informed choices. For more practical guides, market insights, and secure trading solutions, check out the latest features on Bitget Exchange and Bitget Wallet. Empower your financial journey with trusted tools and up-to-date information.