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Amazon.com Inc (NASDAQ:).’s shares continued their upward momentum on Wednesday, marking the fourth consecutive day of gains and closing at $131.83, a 1.81% increase. This rally came amidst a positive stock market session where both the and rose to 4,376.95 and 33,804.87 respectively.
Despite being $14.03 below its 52-week high of $145.86 recorded on September 14th, Amazon’s performance outshone that of other tech giants. Apple Inc (NASDAQ:)., Microsoft Corp (NASDAQ:)., and Alphabet (NASDAQ:) Inc., all closed with smaller gains of 0.79%, 1.23%, and 1.80% respectively, reaching closing prices of $179.80, $332.42, and $141.70.
Although Amazon’s shares demonstrated a strong performance, trading volume for the company was slightly subdued compared to its average. The trading volume on Wednesday was only 40.4 million, falling short by 12.5 million compared to its average volume of 52.9 million.
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