A $1000 Investment in Amazon at the Market Bottom Would Now Be Worth $24,000
The S&P 500 has more than quadrupled since its bottom nearly nine years ago. So how does this stack up against Amazon.com?
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.
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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.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
