Cyber Monday Gives Amazon Stock Another Boost

Amazon stock was already trading near all-time highs after a strong performance on Black Friday, and now Cyber Monday is expected to send shares of the company into uncharted territory. The single biggest shopping day in American history, Cyber Monday of 2017 will see shares of the mega-cyber-retailer trading up 1.41%, climbing to $1,202.51. This after shares rose 1.95% during the shortened Black Friday trading day, and turned CEO Jeff Bezos, into the world's only person currently worth more than $100 billion. According to a news release from the company, last year Amazon customers bought 740 items per second during Cyber Monday, and a total of 64 million items. All in all, online shopping accounted for a record $7.9 billion in sales on Black Friday, a 17.9% jump compared to last year.