Amazon.com Stock Cracked The $300 Mark
Amazon.com’s stock price cracked the $300 mark today between 2:30-2:35PM EST today. According to Mashable, Amazon.com’s stock price rose after a ruling was announced that Apple was found guilty of conspiring with publishers to dethrone Amazon.com from their dominant position for e-books.
The stock price closed at $299.66 and a market cap of $136.42 billion. The company’s low-point in the last 6 months was $248.
Amazon released a strong first quarter earnings report in April. Their sales grew 22% year-over-year to $16.07 billion. However, Amazon said that they are expecting a weaker second quarter. Later this month, Amazon will report their second quarter earnings.