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7/17/2018, 7:35 PM (Source: TeleTrader)
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Amazon rises to record on Prime Day shopping spree

Amazon.com Inc. surged to an all-time intraday high on Tuesday for the fourth trading day in a row in New York, making its founder and chief executive Jeff Bezos even richer. The technology entrepreneur recently became the most wealthy individual in modern times, a category adjusted for inflation impact, as he topped $150 billion after long surpassing peers on the global list in nominal terms.

The online shopping empire apparently didn't spook investors with technical glitches amid a shopping stampede during its extended Prime Day event. Feedvisor measured a spike in sales of 89% year on year in the first 12 hours, though this year's start was six hours earlier in the day, making comparisons less reliable.

The company traded 1.31% higher at $1,846.438 at 7:17 pm CET, after touching $1,851.69. It grew 58% since the start of the year, compared to an increase in the benchmark Nasdaq 100 of 15.77%.

Breaking the News / IT