Amazon shares hit US$1,000, likely to push higher: analysts

Seattle

AMAZON.COM Inc's shares rose briefly just above US$1,000 for the first time on Tuesday, marking a new milestone for a company wooing investors by dominating online commerce and cloud computing.

Amazon hit an intraday high of US$1,001.20 in New York before ending the day little changed at US$996.70. The stock is up almost 40 per cent from a year ago and more than double the 15 per cent gain of the S&P 500 Index in the same period. Investors are thinking about how much further Amazon can grow as it tries to replicate its US success abroad.