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Social Media And Its Impact On The Stock Market

Decent Essays

Over the past five weeks, I’ve been following, tracking and studying five stocks in-particular and seeing how they have progressed over these past couple of weeks in the stock market. The stocks that I have chosen are Facebook, Amazon, General Motors, McDonald’s and Apple. The reason why I have chosen these companies are because they are the most successful companies not only in there designated field of business but in the world. These companies are constantly mentioned as the top companies in multiple business magazines such as Forbes, Bloomberg Businessweek, etc. I also plan on learning more about these companies and how they do in the stock market and how price fluctuating can cause stock prices and shares to affect the stock market. …show more content…

In the first week, the stock maintained its stability through the first 4 days but ended up taking a small dip on the last day of the week, which dropped the stock price from $118.69 to $116.40. In the second week, the stock dropped when the market opened back up then stabilized for the rest of the week. The stock price went from $116.40 to $112.88. In the third week, the stock increased considerably from the previous week when the market opened back up and was stable. The price was stable throughout the week until the last day of the week when the price of the stock ended up fallen. The stock price went from $112.88 to $112.40. In the fourth week, the stock market opened back up. The price of the stock had went down but increased dramatically and ended up rising back to its original price. The stock price went from $112.40 to $114.16. In the fifth week, the stock increased considerably. When the market opened back up, the stock price was slow and steady on the first day and then started increased throughout the rest of the week almost reaching back to the purchasing price. The stock price went from $114.16 to $117.20.

Amazon is the largest internet-based retailer in the world. This American electronic commerce and cloud computing company. Amazon stock logged a massive gain of 118%, last year in the stock market. Amazon was able to post more than $100 billion in sales last year. The fact is that the company has major competitive

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