Amazon Stock Price Reaches All-Time High During COVID-19 Crisis

4 years ago

It's not just Netflix that has seen its share value climb significantly during the COVID-19 crisis. The world's biggest online store, Amazon, has reached its highest-ever stock price.

On Tuesday, April 14, the company's share price jumped by 5 percent, to reach an all-time high of more than $2,280 per share. With the bigger valuation, Amazon now has a total market value of more than $1.1 trillion. According to Variety, Amazon's previous per-share record was $2,170 back in February.

Amazon was already an incredibly popular online store, but with more and more people staying home amid the global pandemic, people are doing even more shopping online these days. Not only that, but Amazon hosts a huge library of video content to stream during lockdown for Prime subscribers.

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Author
Eddie Makuch

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