Amazon.com (AMZN) continues to attract more upside momentum as ticker prints a new 52-weeks high. The equity has broken through the $176 level during Friday’s trading session with the shares currently trading up 37 cents to $177.65.
The ticker, which is no stranger to the “Stocks at New Highs” club, hit a fresh 52-week high of $178.38 earlier in electronic trading in Nasdaq.
AMZN, whose market cap currently prints at $79.2 billion, trades at a trailing P/E of 71.94, a forward multiple of 51.14 and a P/E to growth ratio of 2.58. More than 4 million AMZN shares have already traded hands compared to a daily average of around 6.2 million.
The 52 week trading range for shares of Amazon.com has been between $105.80 and $178.38 per share.
AMZN gained 46 cents to $177.71 at 12:55 p.m. ET in Nasdaq composite trading.
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