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While Amazon (AMZN) shares have fared better than most during the coronavirus stock market crash, the Amazon share price is still slightly down from it's recent all-time high. Investors looking for a safe stock may consider now is a good time to buy shares in Amazon.
It opened the day at $3058.55, after a previous close of $3057.04. During the day the price has varied from a low of $2990 to a high of $3069.55. The latest price was $3000.1201 (25-minute delay). All prices are listed in US Dollar.
Amazon (NASDAQ: AMZN) is an American multinational tech company that specialises in e-commerce, AI, cloud computing and digital streaming. Amazon was founded by Jeff Bezos in 1996 and now employs over 750,000 people.
How to buy stock in Amazon
- Compare share trading platforms. To buy shares in a US company from New Zealand you’ll need to find a trading platform that offers access to US stock markets. If you’re just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, including your ID. Fund your account with a bank transfer, credit card or debit card.
- Search for Amazon. Find the share by name or ticker symbol: AMZN. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Amazon reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price of US$3000.1201, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Amazon, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Amazon. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
Price details for Amazon (AMZN)