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Amazon's Record-Breaking $3 Trillion Market Cap Shatters in One Day

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AMZN
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Amazon's stock price reached $284.02 on August 3, making it the fifth company to surpass a $3 trillion market capitalization.

The badge lasted only one session as Amazon gave back the milestone within a day due to a pre-scheduled insider sale filing.

The stock rallied 15.32% on July 31 following the second-quarter release and extended another 5% into Monday's session, closing at $284.02.

Amazon has gained 17% during the week ended July 31 and is up roughly 24% year to date.

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