Amazon shares smash all-time record price

Amazon shares smash all-time record price

Coronavirus has nothing on Amazon. The delivery giant is doing just fine.

Jeff Bezos, the founder of Amazon, just got $6.4 billion wealthier in only one day, up to $138 billion, according to Forbes. Since the beginning of the year, Bezos’ fortune grew by $24 billion.

The Amazon shares gained 5.3% on today’s trading session, reaching an all-time high, at $2,283.32 per share. This increase is higher than the one scored on February 19 of $2, 2170.22.

The pandemic made it for the shares to jump, as more and more people shop online. Since the world is on lockdown, the demand for e-commerce brands grew by 20%.

After one employee died of Coronavirus infection, there have been strong voices of employees all over the country complaining about the working conditions after cases of infections were reported in more than 74 facilities. Overall, more than 153 cases are confirmed in Amazon’s staff. But, despite all this, the company is still hiring. More than 100,000 positions filled in the recent past, and the company is still short on 75,000. Strikes, protests, and walkouts took place on both US soil and in Europe.

Amazon will expand its activity to grocery delivery to customers in collaboration with Whole Foods.

Stay tuned for more! Register now!

Sources: dailymail.co.uk, fool.com

The information presented herein is prepared by CAPEX.com and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation. Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.

The information presented herein is prepared by CAPEX.com and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.

Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.