Amazon shares break above $1,000 for the first time ever

“The race between Alphabet and Amazon to $1,000 was on earlier this month and Amazon just took the prize,” as CNBC is reporting.

“Shares of Amazon crossed $1,000 per share on Tuesday, the first time ever, and 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 other fourteen companies combined.

“Amazon has split three times since its IPO in 1997. In 1998, it issued a two-for-one stock split. In January 1999, it issued a three-for-one stock split and, in September 1999, it issued a two-for-one split. When Amazon hit $1,000, it’s technically the equivalent of a $12,000 share price in today’s terms.”

The rest of the article is here.

Author: jeffpelline

Jeff Pelline is a veteran editor and award-winning journalist - in print and online. He is publisher of Sierra FoodWineArt magazine and its website Jeff covered business and technology for The San Francisco Chronicle for 12 years, and he was a founding editor and Editor of CNET News for eight years, among other positions. Jeff has a bachelor's degree from UC Berkeley and a master's from Northwestern University. His hobbies include sailing, swimming, and trout fishing in the Sierra.

Leave a Reply

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

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

Google photo

You are commenting using your Google 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 )

Connecting to %s