Amazon Shares Hit All time High

Here is another reason for investors of Amazon to cheer about.  The e-commerce giant, has hit an all-time high for its shares; the company describes it as a “record-breaking holiday season” for its delivery services.

Amazon’s stock soared 3 per cent on Tuesday to a record close of $693.97, a 125 percent gain from its $310.35 share price at the start of the year. Much of the success can be contributed to the good performance of the company during this holiday season.  To note, Amazon did the biggest day ever on Christmas Eve with its two-hour shipping service, with the last delivery at one minute before midnight to a customer in Texas.

According to analysts at Piper Jaffray, “[The figures] indicate that Prime’s growth is not slowing despite larger numbers, with items shipped, Prime content use and Prime membership continuing to grow at impressive speeds,”

This year has been a very good one for Amazon and everything is all set for next year.  As the company poses its all-time high on its shares, 2016 becomes another good year for the company to continue its growth.

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