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
Priceline Group Inc.
and homebuilder NVR Inc.
Moves in Amazon’s stock came as the Nasdaq Composite Index
was tilting higher in early trade, on track for a record. Meanwhile, the Dow Jones Industrial Average
and the S&P 500 index
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.