Amazon Thrown Out Of Trillion-Dollar Club With Tuesday's Crash — Here's Who Else Is Still In, Inc AMZN shares plunged nearly 5.5% on Tuesday, knocking the e-commerce giant out of the trillion-dollar club.

Tuesday's Knockout Punch: Amazon shares closed at $96.79 — 3.2% lower than the psychologically important $100 mark. The shares hit a fresh 52-week low of $96.51 on Tuesday.

This puts the company's market cap at nearly $987.45 billion as the Jeff Bezos-founded company has 10.202 billion shares outstanding, according to Benzinga Pro data.

Who's Still Standing: Even though Amazon has been kicked out of the trillion-dollar valuation group, there are still four other companies in it. Three of which are definitively tech giants.

Apple Inc's AAPL market cap was at $2.4 trillion, at the stock's closing of $150.65 on Tuesday. Another company that enjoys over a $2 trillion market cap is Saudi Aramco. 

The Dhahran, Saudi Arabia-based public petroleum and natural gas firm is worth $2.04 trillion as of Tuesday.

Microsoft Corporation's  MSFT market cap was at $1.7 trillion with the company's share price ending at $228.17 on Tuesday.

Google parent Alphabet Inc GOOGL GOOG Class A and Class C shares tumbled 4.3% to $90.47 and 4.4% to $90.50 respectively on Tuesday. The search-engine giant has a market cap of $1.17 trillion. But that trillion-dollar valuation could be in jeopardy. 

Why The Free Fall: Both Amazon and Alphabet missed revenue estimates in their respective third-quarter results, according to data from Benzinga Pro.

Amazon shares have plunged 12.8% since it declared third-quarter results on Oct. 27. Google's Class A and Class C shares dropped 13.41% and 13.75%, respectively, since the company's third-quarter numbers.

Read Next: Amazon Makes A Big Move With Its Podcast, Music Offerings: Entire Catalog Of 100 Million Songs Is Now Free

Market News and Data brought to you by Benzinga APIs
Posted In: Large CapNewsTop StoriesMarketsTeche-commerceJeff BezosSaudi Aramco
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!