Amazon touches $1,800 first time in five months

Thursday, 21. March 2019 14:36

Technology giants capped losses in major stock indexes in New York on Thursday and Amazon.com Inc. improved sentiment somewhat by briefly hitting $1,800 per share for the first time since October 22. At the same time, Apple reached a three-month high.

The advance by the consumer electronics maker and the biggest ecommerce player in the market comes after its announcement yesterday that MLB.TV was included on Prime video channels and Amazon fire with live streaming, baseball games and on-demand content. Earlier, the company led by founder and chief executive Jeff Bezos started a private-label skincare product package called Belei with a dozen items, boosting its beauty segment. This week Amazon also improved its business-to-business delivery options.

Shares were up 0.08% at $1,796.27 at 9:38 am ET. The landmark session high, registered at the opening bell, was 37.6% stronger from the intraday trough on December 24. At the time it was the lowest level in ten and a half months. The benchmark Nasdaq 100 index surged 24.8% in the same three months from the same day's low. It was the worst mark in 16 months.

Related Links: Amazon.com Inc.
Author:
Breaking the News / IT