Research archive for AMZN

Amazon results post market in the US. OK, normally we end like this, but let us start like this, the stock is up 6.36 percent in the post market session to an all time high of 227.8 Dollars. Let us engage in some copy and pasting here in order to speed things up, taken from the results release (Amazon.com Announces Second Quarter Sales up 51% to $9.91 Billion) some pieces:

Amazon listed on May the 15th 1997 at 18 Dollars a share, trading as high as 30 Dollars a share on its first day. The company put three million shares in the hands of new investors on that day, and you could argue that investment bankers did the company no favours, it popped "too much". It could be argued that the company could have raised more money. Amazon stock in December 1999 traded at nearly 85 Dollars a share.