“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.