Amazon the amazing! Shares of the online retail giant hit a new record high above $1,000 Tuesday.
It’s an impressive feat. Only one other stock in the S&P 500 — Priceline (PCLN, Tech30) — has a stock price in the quadruple digits.
Google parent Alphabet (GOOGL, Tech30) is also rapidly approaching this rarefied air. Its stock was trading at about $997.
Amazon (AMZN, Tech30) stock, which hit a new high of $1,001.20 before pulling back a bit, is now up nearly 35% this year. The company’s market value is a staggering $478 billion, twice that of Walmart (WMT)and trailing only Apple (AAPL, Tech30), Alphabet and Microsoft.
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