- Amazon shares briefly hit $1,000 a share.
- Shares have been on the upswing since blockbuster earnings reported in April.
The race between Alphabet and Amazon to $1,000 was on earlier this month and Amazon just took the prize.
In the first hour of trading Tuesday, Amazon crossed $1,000 per share before sliding back under. Still, it was the first time Amazon had reached the
According to FactSet, just 14 other U.S. stocks trade above $1,000 per share, and the only other tech company in the club is Priceline Group, currently trading around $1,865. Of note: Amazon is more than four times more valuable than those 14 other companies combined.
Amazon has split three times since its IPO in 1997. In 1998, it issued a 2-for-1 split. In January 1999, it issued a 3-for-1 split and in September 1999, it split 2-for-1. When Amazon hit $1,000, it's technically the equivalent of a $12,000 share price in today's terms.
Amazon topped estimates in late April when it posted revenue of $35.7 billion and
-- CNBC's Peter
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