Jeff Bezos Stepped Down as Amazon CEO 5 Years Ago, and the Stock Has Lagged the S&P 500 Since. Could Amazon's 15.3% Gain on July 31 Mark a Turning Point?
Amazon's performance has taken a step back, but Thursday's report could herald a new era.
Overview
Few companies are as closely associated with their founder as Amazon (NASDAQ: AMZN) is with Jeff Bezos.
Bezos left a lasting imprint on the company, focusing on long-term thinking, customer satisfaction, and a "Day One" mentality. He stepped down as CEO in 2021 when the stock was around an all-time high during the pandemic, leaving Andy Jassy, the head of Amazon Web Services, to take the reins.
Details
While the company has continued to grow since then and delivered solid results, the stock has slumped, underperforming the S&P 500 as the chart below shows.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.