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Amazon stock touches $1,000 milestone in intraday trade

Shares of Amazon Inc. on Tuesday hit an intraday record, exceeding $1,000 a share for the first time ever and joining a unique club of companies whose share prices carries a four-digit price tag. Amazon shares hit $1,001.20, just near the open of trade. Amazon’s shares are up about 33% so far in 2017, according to FactSet data. The technology behemoth, which boasts a market value of roughly $480 billion, joins a rare $1,000-a-share club, which includes names like Berkshire Hathaway

BRK.A, -0.23%

BRK.B, -0.31%

Priceline Group Inc.

PCLN, -0.47%

and homebuilder NVR Inc.

NVR, -0.20%

Moves in Amazon’s stock came as the Nasdaq Composite Index

COMP, +0.06%

was tilting higher in early trade, on track for a record. Meanwhile, the Dow Jones Industrial Average

DJIA, -0.16%

and the S&P 500 index

SPX, -0.11%

were trading near break-even levels, but have broadly been in an uptrend, following Friday’s record close for the S&P 500 and the Nasdaq. U.S. markets were closed on Monday in observance of Memorial Day.

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