Amazon.com Breaks Through $1,500 for the First Time: Chart

(Bloomberg) -- Amazon.com Inc. shares surpassed $1,500 for the first time in intraday trading Wednesday, climbing as much as 2.4 percent to a high of $1,503.49. The stock has recovered fully from the equity market selloff and is up 27 percent so far this year. Amazon’s recent strength may be related to record-low operating margins from Walmart Inc., which some analysts have partly blamed on competition with the e-commerce giant.

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