Amazon has sold its AMZN stock for around 10 Billion$ in many years later after it has launched. Amazon normally used to sell the share for the price of 2000$ to the lowest 1000$ almost every year.
Amazon sold almost 3 Billion$ worth of share in just a few weeks as he was selling his share stock price at 2915$ to 3079$ which was the price of its stock recorded on Wednesday’s sale.
During this Wednesday Amazon sold around 1Million share in the market which had ultimately resulted in a profit for Amazon as many investors were doing so after the relief during the pandemic.
The August of the last year Amazon had sold a total stock of 3 Billion$ in stock and told that they were going to sell more 4 Million$ stock.
Jeff Bezos told than in 2017, he was going to sell 1 Million$ in stock because he wanted to fund his blue origin space venture, but since then Jeff Bezos have been increasing the size and price of his stock.
And then in the year 2018, Amazon sold a total share of 2.8 Billion$ because they wanted to take funding to research on their upcoming project but there is no news of it releasing so soon.
In mid-march, Amazon’s stock price has risen over double as the investors think that this huge E-commerce company can save their money from this pandemic and will be able to make huge profits.
The company released a statement in which they said that they have a revenue of 96.1 Billion$ and is around 37% increase than its last year quarter and this was a record as it made all those analysts fail to make a correct prediction about the revenue which they will make during this pandemic.
Amazon’s total market capitalization is around 1.6 Trillion$ which makes it an elite company alongside Microsoft, Apple which are those companies that make a huge amount of profit every year.
When Jeff Bezos was divorced with Mackenzie last year and during his divorce, the founder of Amazon was given 75% of the couple’s Amazon share price.
Bezos also gained the right to vote to what happens with the remaining shares of Amazon. Bezos gave Mackenzie about 4% of stake in Amazon which was a part of the divorce agreement.
According to Bloomberg’s Billionaire index Jeff Bezos has a total income of 191 Billion$ in just a year and then he made 76 Billion$ during the start of the new year. You can check its balance sheet at https://www.webull.com/balance-sheet/nasdaq-amzn before buying the amazon stock.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.