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Amazon exceeds $ 2,000 per share and approaches one trillion valuation

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  • Thu, 08/30/2018 - 22:36
Amazon
  • Twitter @LaVanguardia

Amazon's share price today exceeded for the first time the barrier of $ 2,000 on the New York Stock Exchange, a milestone for the company, which already enjoys the trillion-dollar market value.

Amazon is close to becoming the second US company to achieve that market capitalization, after Apple in early August.

The company founded by Jeff Bezos had closed this Wednesday with a rise of 3.2% and today continued its climb, advancing more than 1% to a price per share above the $ 2,020 something more than an hour after the opening from the market.

To achieve a valuation of one trillion dollars, Amazon's shares need to reach a price of 2,050.27 dollars.

Last year, Amazon's shares have more than doubled their value, since in August 2017 they were below $ 1,000.

The technological giants have pulled Wall Street in recent months, with Apple, Amazon, Microsoft and Alphabet (the parent company of Google) consolidating among the companies with the highest market capitalization.

In the case of Amazon, the latest rises come after analysts at Morgan Stanley reviewed their expectations for the company on Wednesday and bet that their shares will continue to advance strongly.

EFE

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