Shares of Amazon.com, Inc. (AMZN) are higher by nearly 24 points to $558.26 in mid-day trading on Monday after news the Seattle-based e-commerce giant now requires its non-Prime members to spend at least $49 before becoming eligible for free shipping. The previous threshold was $35.
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Tesla Motors, Inc. (TSLA) shares surged more than 10 points, or 6.19%, to $176.88 in late afternoon trading. The move comes on a big volume too with the issue currently trading more than 4.4 million shares, compared to the average daily volume of 4.2 million shares. With today’s surge, Tesla’s stock is now up over 25% since it bottomed on Feb. 9.
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Shares of Allergan plc (AGN) are up $9.15, or 3.32%, at $284.90, after the company this morning reported fiscal-fourth quarter earnings.
The specialty pharmaceutical firm handed in earnings of $3.41 per share on revenue of $4.20 billion, beating Wall Street eps estimates of $3.32 on revenue of $4.18 billion.
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Chipotle Mexican Grill, Inc. (CMG) shares gained nearly 14 points, or 2.71%, to $525.46 as of 3:30 p.m. ET. Shares of the restaurant chain have surged 32% since reaching their 52-wk low of $399.14 on January 12. CMG hit a 52-wk high of $758.61 on August 5, 2015.
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