Amazon Stock Hits All-Time High
Amazon‘s stock climbed after the company sent out press invitations for a big announcement, setting a record high of $246.87 per share on Friday. The company is now trading at a valuation of $111 billion.
Amazon hasn’t yet hinted at what it plans to announce at its event on Sept. 6. Many expect the retail giant will unveil its next-generation Kindle Fire and E-Ink e-readers, but the fact that the event is being held in L.A. suggests the company may have more of an entertainment-related announcement up its sleeve.
Amazon also announced Friday morning that it had expanded its licensing agreement with NBCUniversal, bringing shows like Parks and Recreation, Battlestar Galactica, Parenthood, Friday Night Lights and Heroes to its online streaming video service. The service is available at no additional charge to customers of Amazon Prime, a $79-per-year subscription service that offers free, two-day shipping and access to an online lending library.