Amazon.com Inc. Stock Rises Thursday, Still Underperforms Market
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Shares of Amazon.com Inc. (AMZN) inched 0.01% higher to $98.71 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.30% to 3,948.72 and the Dow Jones Industrial Average rising 0.23% to 32,105.25. Amazon.com Inc. closed $72.12 short of its 52-week high ($170.83), which the company achieved on March 29th.
The stock underperformed when compared to some of its competitors Thursday, as Apple Inc. (AAPL) rose 0.70% to $158.93, Microsoft Corp. (MSFT) rose 1.97% to $277.66, and Alphabet Inc. Cl C (GOOGL) rose 1.96% to $106.26. Trading volume (57.2 M) remained 13.1 million below its 50-day average volume of 70.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 23, 2023.
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March 23, 2023 16:31 ET (20:31 GMT)
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