Shares of Amazon.com Inc. (AMZN) experienced a notable increase on Tuesday, with the stock rising 1.58% to reach $128.56. This positive performance coincided with a great trading session for the overall stock market, as evidenced by the S&P 500 Index rising 0.73% to 4,247.68 and the Dow Jones Industrial Average increasing 0.62% to 33,141.38.
This marks the second consecutive day of gains for Amazon.com Inc., demonstrating the company's upward momentum. Despite closing $17.30 below its 52-week high ($145.86) reached on September 14th, the stock is still showing promise.
In comparison to some of its competitors, Amazon.com Inc.'s performance was a mixed bag. While Apple Inc. (AAPL) saw a modest increase of 0.25% to reach $173.44, Microsoft Corp. (MSFT) experienced a slightly higher rise of 0.37%, reaching $330.53. On the other hand, Alphabet Inc. Cl C (GOOG) observed a more significant increase of 1.61%, closing at $140.12.
Despite the positive movement in share price, the trading volume for Amazon.com Inc. stood at 44.2 M, remaining 5.4 million below its 50-day average volume of 49.5 M.