In: Accounting
Select Amazon a publicly traded company that primarily sells tangible products. So, typically this would exclude banks, please consult the questions below and answer them accordingly. . Obtain electronic copies of the Annual Reports for the last two years. 10. What price is the share trading at on the date that you were conducting this research? Please note the date as well. (3pts)11. What was the highest price that the share traded at over the last 52 weeks? (3pts)12. What was the lowest price that the share traded at over the last 52 weeks? (3pts)13. Provide a brief explanation for the 52 week high price and 52 week low price of the company. In other words, why did the company’s stock price go up and come down or vice versa? (6 pts)
Answer)
The price as on November 2nd is $1665.53.The higest share price traded in last 52 weeks is $1697.44.The lowest price traded in last 52 weeks is $1651.83.
There is no significant reasons like any unestimated loss or change in key managerial persons or huge collaboration etc for the change in share price.The reason is not due to it's operations but just it's investors interest.The regular price variance is not huge.The increase in demand for other company shares caused less demand for this shares results in change is price and similarly the decraese in demand made that slight variation caused share price .However,the reasons for lowest price of the last 52 weeks is the investors are not satisfied with sales or revenue growth rate and highest Share price is when the news bezos announced as world's richest billionaire made the demand increase for share which lead to high share price during last 52 weeks.