Amazon continues to accumulate highs on Wall Street after the departure of Jeff Bezos

The march of Jeff Bezos as CEO of the tech giant Amazon It has done the company very well, at least when it comes to the Wall Street Stock Exchange. Its behavior in the markets since the replacement of the founder was made official last Monday has been very positive, so much so that accumulates new all-time highs at the close of each session and has a market capitalization of 1.89 trillion dollars.

Bezos, who measured his departure by the millimeter to make it coincide with the twenty-seventh anniversary of the founding of the company by himself, left his post to Andy Jassy, what had been until now responsible for Amazon Web Services (the cloud computing business), a subsidiary of the company. Since then, its evolution on the stock market has been in a clear upward trend.

Jeff Bezos and Bill Gates.

In this way, before taking effect the relief, the American giant already closed the session on Friday with an advance of 2.27%. This week, in which the markets were closed on Monday for independence day, on Tuesday it had its best trading day after soaring 4.7% and setting its share price at $ 3,677.2. On Wednesday its advance decreased to 0.6%, while this Thursday it marked a rise of 0.96%, raising its all-time high to 3,731 ‘greenbacks’ per share.

Amazon achieved a net profit of 8,107 million dollars (about 6,839 million euros) in the first quarter of 2021, practically tripling the profits it had registered in the same period of 2020, the year of the pandemic, which also provided an unprecedented boost for their business due to restrictions and lockdowns. In the first three months of the year, Amazon’s net sales totaled 108,518 million dollars (91,549 million euros), 43.8% above the turnover that the American company had registered in the same quarter of last year.

Source: LA INFORMACIÓN – Lo último by

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