Amazon's stock has slid in recent months, and the company has been known to take some shite. In mid-November, the company announced it was cutting its employee count by as much as 10,000.
This may be a bit of a stretch, but it's not hard to imagine the company could have cut its headcount in a pinch. The same goes for the number of products available on its site. It's a good bet that the company is planning to revamp its online store. If that's the case, then the company will likely have to make up for lost time.
The company also made some big bets in the health care space, announcing a new medical clinic and its first ever prescription medication delivery service. Aside from providing a service that's a bit more fun than the traditional pill shopper, the clinic will reportedly help treat patients in 32 states.
The aforementioned prescription medication delivery service, meanwhile, is a direct result of a four-year-old acquisition.
One Medical stock was up 62% on Friday. The company is a health care provider that offers concierge primary care services. It combines telemedicine and in-person visits. As a result, its members can receive same-day appointments. There are 77 physical locations in major U.S. cities and 25 markets. This year, the company added 767,000 members.
One Medical has a $199 per year subscription that includes 24/7 telehealth services. Eighty-six percent of its members are covered by employer-sponsored insurance. Google is the largest One Medical employer client. Additionally, the company has an app that allows users to request appointments.
With the acquisition, Amazon will be able to access more patients in the United States and Europe. In addition, the deal could help it get its health care services to more people, a strategy the online retailer has been working on.
But it is still unclear how the deal will affect other health insurance companies. Specifically, CVS Health Corp and Aetna could potentially be impacted, as both have partnered with Amazon for a variety of health care initiatives.
Amazon's acquisition of One Medical is the third large purchase the company has made this year. It also acquired Whole Foods last year. Since then, the company has been experimenting with health care initiatives. Some have been successful, while others have not. Now, executives are hoping that the company's efforts can speed up care and make it more affordable and accessible.
After the deal closes, the company will be led by CEO Amir Dan Rubin. Amazon stated that it would not share One Medical's patients' health information without their consent. However, the deal is subject to approval from the shareholders.
Market cap is a measurement of the total value of a company. It's calculated by multi plying the number of outstanding shares by the current market price of each share.
The market cap is an important factor to consider when making a purchase or sale of a company, because it is a way to compare the true value of a firm to the swarm of competitors. Depending on the size of a company, its market capitalization may be categorized as small, midsize, or large.
A good example is Microsoft, which has a market cap of $2,3 trillion at the end of Q2 2022. This amount is a huge percentage of the entire world's GDP, and is a major contributor to the company's hefty profits. Although the market cap of a small company isn't as impressive as that of a mega-cap, there's still plenty to be gleaned from the market.
As a rule of thumb, the market cap of a company is the best measure of its worth. But a savvy investor can also use the market cap to help determine whether a particular stock is worth buying.
Having a grasp of the company's financials, a sense of its corporate culture, and the relative volatility of its shares are all key factors in deciding whether to purchase a stock.
Performance over time
The performance of Amazon stock has been erratic over the years. It has gone from a gain of almost a thousand percent to a loss of almost 80%. In fact, the only year in which Amazon's shares have returned more than double digits for investors is in 1998. And in 2007, the stock actually fell for a number of months before climbing back to more than thirteen percent. But that's not to say the past three years have been especially stellar.
For example, in the years between 2011 and 2013, the stock only returned a little over two percent. That's just shy of the historical average of over thirty percent. Considering the dreadful results of 2021, the dismal gains don't seem to mean much, unless Amazon rebounds in the new year.
The Yahoo Finance API provides a decent amount of data. However, it's not an official API, and it might change methods. You can use its HTML scraping library, or you can make direct calls. Either way, it's easy to use. Just be sure to stay within its limits.
If you're looking for more information about Amazon's stock, you can view its real time ratings and its most popular technical indicators, such as moving averages, pivots, and oscillators. While you're at it, you can take a look at its three-year average, too.