Investors flock to Amazon, Jeff Bezos richer by $6.5 billion in a day
Despite gloom all over, Amazon saw its stock zooming over 5 per cent to an all-time high of over $2,283 per share, leaving the ecommerce giant with $1.1 trillion worth and adding $6.5 billion to its Founder and CEO Jeff Bezos fortune.
Amazon has been a favourite among ‘sheltered-at-home’ investors because of an unprecedented surge in online orders and the company keeping its workflow going despite health fears among its warehouse workers.
According to a Forbes report on Tuesday, Amazon stock surged 5.3 per cent on Tuesday, hitting a new record close of $2,283 per share. The stock is now up over 20 per cent so far this year, outpacing the benchmark index.