Add Amazon stock (AMZN) to the list of things you can never afford. OK, it was already there anyway.
Jeff Bezos’ massive online retailer — home to Amazon Studios and Amazon Prime Video — just hit $1,000 per share for the first time ever.
That milestone houses a rare club of publicly traded companies, which also includes Priceline. The online travel company is actually not all that far off from reaching $2,000 per share — but Priceline is a far smaller firm than Amazon, with a real-time market cap of about $91 billion versus $478 billion for Amazon.
Below is a snapshot of the start to Tuesday’s trading day for AMZN.
As you can see, at the time of this publishing, shares had climaxed at $1,001.20 apiece. The stock has since slipped back down a bit — but the day is young.
Amazon opened at $996.63 this morning, when the U.S. stock market’s rang their opening bells at 9:30 a.m. ET.
The regular day trading concludes at 4 p.m. Wall Street time.