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.

Read more

You may also like

More in IT

Comments are closed.