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Amazon’s stock extends rally into bull-market territory as market cap tops $800 billion

“Amazon’s market cap rose to $806.6 billion, heading toward the first close above $800 billion since Dec. 13” writes Reporter Editor for marketwatch.com. Separately, Amazon extended its lead as the most valuable company by market cap, as second-place Microsoft Corp.’s shares MSFT, +0.89% edged up 0.3%, putting its market cap at $785.6 billion.The stock closed Monday at $1,629.51, or 21.2% above its Dec. 24 closing low of $1,343.96.The stock went on to fall as much as 34.1% through Dec. 24 before beginning its recovery.The stock had entered a bear market on Oct. 29, when it closed 24.5% below its Sept. 4 record close of $2,039.51.
 
Source: marketwatch.com



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