AMZN

AMZN is the stock code for Amazon.com, Inc., a multinational technology company listed on the Nasdaq exchange. AMZN had a historic rise, with its stock price peaking in July 2021 at USD 172, a stark 855% increase since its IPO in 1997.

 

Nicknamed ‘The Everything Store’, Amazon has expanded into several industries, mainly e-commerce, cloud computing, online advertising, digital streaming, and AI.

 

Founded by billionaire Jeff Bezos in Washington, Amazon has become one of the world’s most valuable brands, joining the Big Five, a group of the five largest information technology companies in the US. In its expansion efforts to build an empire, Amazon bought out over a hundred companies, including brand giants like Twitch, Wholefoods, IMDb, and Wickr.

Here are some factors that may make the AMZN stock price volatile:

 

• As the world’s largest online retailer and marketplace, Amazon is vulnerable to pressures squeezing the world’s economy. Sales numbers tend to drop when the economy weakens.


• AMZN’s online reputation can have an adverse effect on its stock price. For instance, the recent allegations about workforce conditions, tax avoidance, and customer data collection caused the stock price to decline in value.


• AMZN is usually not affected with short-term loss posted on quarterly earnings reports as it fits their business model. Mounting losses, however, can present CFD traders with the opportunity to go short on AMZN.