Amazon’s Post-Market Rally Adds the Equivalent of UPS in Value
(Bloomberg) -- Amazon.com’s earnings rally has added more than $110 billion to the e-commerce giant’s market value in extended trading Thursday.
By comparison, United Parcel Service’s entire market capitalization was less than $93 billion at the close.
At one point, Amazon’s climb even rivaled IBM’s total market value, before the company known as Big Blue announced a new chief executive, producing its own post-market rally.
Amazon shares were up 12 percent as of 4:44 p.m. to $2,103.44 on after-hours volume of 2.3 million shares.
To contact the reporter on this story: Jeremy R. Cooke in New York at jcooke8@bloomberg.net
To contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Richard Richtmyer
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