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Amazon closes at an all-time high as it more than doubles its stock price in just 17 months

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Amazon shares on Thursday soared past the $800 mark for the first time, closing at an all-time high of $804.70 per share.

That gives Amazon a market cap of over $380 billion — more than twice as much as it was in April 2015, when its shares surpassed $400 for the first time.

Amazon’s market cap is now the fourth largest in the world, trailing only Apple, Alphabet, and Microsoft.

Amazon’s stock has been on an absolute tear lately. In February, its shares were trading at around $550 when the broader tech market collapsed, and it went across $600 for the first time in October 2015. – READ MORE

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