February 28, 2023

Amazon.com Inc. stock rises Monday, still underperforms market

COMPANY CLOSE UPDATES

Shares of Amazon.com Inc. inched 0.28% higher to $93.76 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.31% to 3,982.24 and the Dow Jones Industrial Average rising 0.22% to 32,889.09. Amazon.com Inc. closed $77.07 below its 52-week high ($170.83), which the company achieved on March 29th.

The stock underperformed when compared to some of its competitors Monday, as Apple Inc. rose 0.82% to $147.92, Microsoft Corp. rose 0.38% to $250.16, and Alphabet Inc. Cl C rose 0.84% to $90.10. Trading volume (44.6 M) remained 31.2 million below its 50-day average volume of 75.7 M.

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