The S&P 500 hit a bottom back in March 2009, spurring on a nine-year bull market. Odds are if you were in the market during this time you made some money, whether it was investing in the indices or equities. 24/7 Wall St. taking a look back to when the S&P 500 bottomed to see how some of the major blue chips have fared since then.
Back on March 6, 2009, the S&P 500 bottomed out at 666.79, and from there began perhaps the biggest bull market of the modern era. At the most recent close, the S&P 500 was at 2,732.22, more than quadrupling its bottom nearly nine years ago.
So how does Amazon.com Inc. (NASDAQ: AMZN) measure up?
On an adjusted close basis, Amazon closed March 6, 2009, at $61.69 a share. Amazon most recently closed at $1,482.92 on an adjusted basis.
On the surface, it’s fairly obvious that Amazon’s growth over this nine-year period was absolutely incredible. To put some numbers to this, Amazon shares gained roughly 2,300%.
So if you had invested $1,000 in Amazon back then, you would have $24,038.26 as of Wednesday’s close.
Over the past 52 weeks, Amazon has outperformed the broad markets, with its shares up about 73%. In just 2018 alone, Amazon is up about 27%.
Shares of Amazon were recently trading near $1,496, with a consensus analyst price target of $1,649.98 and a 52-week range of $833.50 to $1,503.49.