Amazon.com Hits A 10-Year High--Adding $8B To Its Market Cap!
By Todd Rosen
October 23, 2009 9:08 AM
October 23, 2009 9:08 AM
Amazon.com (AMZN) has popped $19 or 20% this morning to $122.77. Investors and traders are gobbling up Amazon.com as it continues to steal market share from other retailers online and offline.
AMZN is included in our aggressive growth portfolio and our price target is $120. Investors are buying Amazon after it reported great earnings and gave guidance above wall street estimates.
Amazon's sharp move today has added an astonishing $8.6 billion to its market capitalization today. To celebrate, we are hearing Jeff Bezos is giving away a Kindle to everyone who visits Amazon.com today.
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