Amazon Shares Hit Record Highs

By Marko Vidrih on The Capital

According to the results of the New York Stock Exchange on June 6, the share price of the American online retailer Amazon for the first time in history exceeded $3 thousand apiece.

At the close of trading, shares were sold at $3,057. During the day they went up by 5.77%. During the trading, the value of the shares reached $3059. Since the beginning of the year, the company’s securities have risen in price by almost 60%.

The company’s market capitalization increased to $1.525 trillion. In terms of this indicator, it ranks third among all public companies after Apple ($1.64 trillion) and Microsoft ($1.61 trillion).

Earlier, Wall Street analysts predicted Amazon stock prices to rise to $3 thousand. The increase in value is due to increased demand for Amazon’s e-commerce and cloud computing services.

It was previously reported that the Amazon brand was valued at $415.9 billion. At the same time, the aggregate value of the world’s leading brands grew by 5.9%, despite the economic and social consequences of COVID-19, and reached $ 5 trillion, which is equivalent to the annual GDP of Japan. Since 2006, this figure has grown by 245%.

Author: Marko Vidrih

Featured image credit: Unsplash

Amazon Shares Hit Record Highs was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.

Post fetched from this article