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Amazon stock tops $1,000 for first time

Amazon stock tops $1,000 for first time
Posted at 11:57 AM, May 30, 2017
and last updated 2017-05-30 08:31:00-04

(AMAZON/CNN) - Shares of Amazon are reaching unprecedented levels.

Amazon stock hit a high of more than $1,000 a share when trading opened Tuesday.

Only one other stock in the S&P 500, Priceline, currently has a four-figure stock price.

And Google's parent company, Alphabet, is just a few dollars below the $1000 a share mark as well.

The news continues the good run for Amazon this year.

The online retail giant's stock is up 35 percent for the year and has a market value of $478 billion.

According to Forbes, Amazon founder Jeff Bezos is believed to be worth about $85 billion, putting him in a virtual tie for second-richest person in the world.

Copyright 2017 Amazon via CNN. All rights reserved.