I Bought 2 Shares of Amazon Stock (Soon to be 40 Shares!)
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Amazon’s stock price has been underperforming, with a 7.2% return over the past year. The company’s board of directors has announced a 20-for-1 stock split to make the share price more manageable. Additionally, Amazon plans to repurchase $10 billion worth of stock, signaling a focus on returning profits to shareholders. To evaluate the company, it’s important to look at its fundamentals, including its revenue growth and shareholder equity. Amazon’s revenue growth has been impressive, with quarterly revenue of $137 billion, a 9-year-over-year increase. The company’s shareholder equity has grown consistently, with a 40% year-over-year increase in the most recent quarter. Amazon’s technical charts show a mixed picture, with the stock price trading sideways for 20 months and experiencing a recent 20% increase. The author of the article is taking a position in Amazon, buying two shares, and potentially holding until the stock split. He also plans to monitor the stock and sell if it falls below $2,800.
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