Shares of Amazon.com (AMZN) are surging again on Monday. The stock hit new lifetime highs of $181.84 earlier in the session as ‘Cyber Monday’ gets underway. More than 6.6 million AMZN shares have already traded hands compared to a daily average of around 6.2 million.
Shares of AMZN are up more than 34% since the beginning of 2010. The stock, which has been moving largely higher over the past five months, currently trades at a trailing P/E of 72.42, a forward multiple of 51.49 and a P/E to growth ratio of 2.58.
AMZN gained $1.53, or 0.86 percent, to $178.73 at 1:01 p.m. ET in Nasdaq composite trading.
The 50-day moving average in the name is $167.59 and the 200-day is $136.75. Look for these parameters to climb to confirm the ticker’s upward momentum.
The 52 week trading range for shares of Amazon.com, whose market cap currently prints at $80.1 billion, has been between $105.80 and $181.84 per share.
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