Stock Cracked The $300 Mark

Screen Shot 2013-07-11 at 7.39.31 PM’s stock price cracked the $300 mark today between 2:30-2:35PM EST today.  According to Mashable,’s stock price rose after a ruling was announced that Apple was found guilty of conspiring with publishers to dethrone 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.

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