Amazon’s stock price reached an all-time high of $268.98 per share on Monday — a far far cry from its debut at $16 per share 16 years ago. The stock was off only slightly on Tuesday, closing at $266.38. The company’s share price has been steadily climbing. Monday’s spike of 4 percent followed an upgrade from Morgan Stanley analyst Scott Devitt, who raised his target for Amazon to $325. The e-commerce titan’s appeal to consumers is clear. The ease of one-click shopping … cannot be overstated, said Eric Steiman, a Covestor model manager.
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Amazon's Big Wheels Keep on Rollin'
Posted by: Erika Morphy January 8, 2013 04:20 PMAmazon’s stock price reached an all-time high of $268.98 per share on Monday — a far far cry from its debut at $16 per share 16 years ago. The stock was off only slightly on Tuesday, closing at $266.38. The company’s share price has been steadily climbing. Monday’s spike of 4 percent followed an upgrade from Morgan Stanley analyst Scott Devitt, who raised his target for Amazon to $325. The e-commerce titan’s appeal to consumers is clear. The ease of one-click shopping … cannot be overstated, said Eric Steiman, a Covestor model manager.