Amazon’s Stock Hits All-Time High

The new coronavirus has taken the nation, and the world, by storm. As people refrain from in-person shopping due to stay-at-home orders around the country, they are now relying more and more on Amazon’s online shopping services. Because of this, the tech giant’s stock has now risen to an all-time high. In fact, this past Tuesday, Amazon’s stock closed the trading day at $2,283.32, up more than 5% from its previous close.

As the demand for various essential products, such as toilet paper, hand sanitizer, and more rises, the tech giant is now hiring 175,000 more warehouse workers to help fulfill everybody’s needs, as the virus continues to spread. In the best-case scenario, once the virus begins to die down, Amazon will retain many newly-loyal customers, thanks to their dynamic, efficient response to the virus. One can only hope that this means a bright future for Amazon Sellers in the future.

Of course, If you are an Amazon seller and would like to learn more about what this virus means for your business, please do not hesitate to speak with our seasoned CPA. We have all faced a unique set of adversities as a result of this virus, though here at Ebiz Accounting, we believe that there is a light at the end of the tunnel. For any additional questions, simply give us a call today.

If you are an Amazon seller and require the assistance of an experienced Certified Public Accountant, please contact Ebiz Accounting for an initial consultation. We provide Amazon business accounting services to clients in New York and throughout the United States. All Amazon sellers should have an accountant they can trust. If you are looking to expand your business, or even form a new one, do not hesitate to reach out to our knowledgeable team today.