IMG-LOGO

BUSINESS

Jeff Bezos Amazon May Hit $1 Trillion Sweet Spot Again After 7-Day Streak

Author : Odisha Today Bureau | Posted on: 2019-07-11

Amazon.com Inc. is flirting with a $1 trillion valuation again after posting its longest winning streak since briefly surpassing that level in September.

 

Seven consecutive days of gains have boosted the e-commerce giant’s market value to $993 billion as of Wednesday’s close, according to data compiled by Bloomberg.

 

A gain of less than 1% for the stock would push the market capitalization above the 10-figure mark.


Amazon has added about $119 billion in market value since the end of May.




Nearly half of those gains have come in the past 7 days, which comprises Amazon’s longest string of advances since Sept. 4.

 

Microsoft Corp. is currently the only company with a market value above $1 trillion.

 

Apple Inc. was long the world’s largest company but hasn’t regained all of the market value it lost late last year amid concerns about demand for the iPhone, its top-selling product, and the U.S. trade war with China.

 

Apple has a current market valuation of $935 billion, down from an October record of $1.12 trillion.

Leave A Comment


Odisha Today Talks to Sri Nishikanta Mohapatra, Convenor, AA...
Destruction by Cyclone "Fani"--Utkal University, O...
Odisha Today Talks to Sri Nishikanta Mohapatra, Convenor, AA...
Destruction by Cyclone "Fani"--Utkal University, O...
Odisha Today Talks to Sri Nishikanta Mohapatra, Convenor, AA...

International News

You May Also Like

News Poll

Do you think that the increase in the expenditure of Modi Govt on Minority Welfare Schemes is in line with minority appeasement politics?

A) Yes
B) No
C) Party Appeasement
D) Can’t say

News Updates


Bhubaneswar (Ekamra) Assembly Constituency BJP Candidate Bab...
Bhubaneswar (Ekamra) Assembly Constituency BJP Candidate Bab...