After several sessions of flirting with the $1.000 a share, Amazon has touched the fateful psychological threshold for the first time, an extraordinary acceleration considering that a decade ago the title of the e-commerce giant was worth 68 dollars and that at its debut on the Stock Exchange, on May 15th 1997, the placement was 18 dollars. In the first few minutes of trading on Wall Street, Amazon reached a high of $1.001,20 per share, only to then retrace slightly and return below the $1.000 threshold.
The market capitalization is just under $476 billion, against the more than 675 billion of Alphabet, the holding company that owns Google, and the approximately 801 billion of Apple. Amazon stock has gained 2017% so far in 33, versus +8% for the S&P 500 and +15% for the Nasdaq. Of the 45 analysts interviewed by research firm FactSet, 30 have a price target for Amazon above $1.000 per share, with an average of $1.090,03. Fun fact: Amazon has decided on a stock split three times in its history (in 1998 and twice in 1999) and if it hadn't done so, the stock would now be worth around $12.000.
