2024-04-25 08:30:00 ET
There haven't been many success stories as outstanding as Amazon (NASDAQ: AMZN) . This business has grown rapidly over the past couple of decades and now dominates multiple sectors, with customers using its products daily.
This " Magnificent Seven " stock has crushed it for investors, rising 975% in just the past 10 years (as of April 19). Even after this monumental performance, shares trade at a reasonable price-to-sales (P/S) multiple of under 3.2.
Before you buy Amazon stock, take the time to learn these three things you might not have known about this business.
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3 Things You Might Not Know About This "Magnificent Seven" Stock