Of all the FAANG stocks(Facebook, Apple, Amazon, Netflix, Google) Amazon is one of the only 3 that we’re able to hit a record high last week with Amazon 2497.94 last week.
The stock is currently trading 2436.88 and has a pre-market value of 2452.00.
Amazon has had a good run-up to this point because everyone who puts off going to the grocery store has ordered directly from Amazon. The better news is that now the Bill and Melinda Gates Foundation Trust is now buying stocks in Amazon among other stocks to broaden their portfolio.
The World's largest Foundation Trust purchased 60,460 stocks of the e-commerce stock according to an SEC filing report.