business

Amazon Shares Hit $1000, Pushing Value to Double That of Walmart

Shares of Amazon.com hit $1,000, pushing the value of the online goliath to more than double that of Wal-Mart.

The race between Alphabet and Amazon to $1,000 was on earlier this month and Amazon just took the prize.

In the first hour of trading Tuesday, Amazon crossed $1,000 per share before sliding back under. Still, it was the first time Amazon had reached the milestone, and was a long way from the company’s 52-week low of $682.12.

According to FactSet, just 14 other U.S. stocks trade above $1,000 per share, and the only other tech company in the club is Priceline Group, currently trading around $1,865. Of note: Amazon is more than four times more valuable than those 14 other companies combined.

Source: Associated Press
Advertisements

0 comments on “Amazon Shares Hit $1000, Pushing Value to Double That of Walmart

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: