Amazon (AMZN) Stock Hits All-time High

Amazon.com, Inc. (AMZN) shares hit a new all-time high of $675.96 in today’s trading session, printing a market cap of nearly $317 billion. The e-commerce giant’s shares saw a tear following Morgan Stanley’s (MS) pre-market target raise to $800 from $750. The stock has risen 116.21% this year and is continuing its upward trend.

Amazon began trading this morning at $664.65 to currently trade 2.28% higher from the prior days close of $659.68. On an intraday basis it has gotten as low as $663.63 and as high as $675.96.

More than 3.2 million shares have changed hands, which dwarfs the average daily volume of 4.28 million. At current price next resistance is at $700.37. Pivot is at $655.65 whereas support is at $651.29.

AMZN shares have advanced 19.90% in the last 4 weeks and 25.44% in the past three months. Over the past 5 trading sessions the stock has gained 5.50%.

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