Amazon hits $1000 a share for the first time
- Author: Zachary Reyes May 31, 2017,
May 31, 2017, 8:57
Jeff Bezos' massive online retailer - home to Amazon Studios and Amazon Prime Video - just hit $1,000 per share for the first time ever.
Now, it has hit a high of $1,001.20 as markets opened in NY, edging up 0.5 per cent from its close before the holiday weekend.
That price puts Amazon's market value at about $478 billion, double that of rival Wal-Mart and more than 15 times the size of Target. And with its "Prime" subscription service, it also has become a creative force in Hollywood and beyond. Amazon alone accounts for about 43 percent of U.S. online sales, according to consultancy Slice Intelligence.
Shares of Amazon are reaching unprecedented levels.
As readers can see, at the time of this publishing, shares had climaxed at $1,001.20 apiece. It split two for one in June 1998, three for one in January 1999 and again two for one in September 1999.
Amazon now is the fourth biggest company by market capitalization after Apple, Google parent Alphabet and Microsoft.