Amazon heads for Nasdaq 100

The bookseller's stock takes a leap on the news.

No. 1 online bookseller Amazon.com will be included in the Nasdaq 100 Index. Its stock spiked following the news today, hitting a 52-week high.

The firm will be added to the Nasdaq 100 Index on December 21.

Seattle-based Amazon's stock was up 20.5 today after the bell, closing at 242.75 a share. The stock blew past its previous 52-week high of 233.125.

Amazon's market capitalization hit 12.8 billion dollars. The firm's stock has more than doubled in the past three months.

Last month the firm split its stock 3-for-1, sending it soaring by nearly 14 percent. Amazon has seen a fourfold rise in its shares on speculation that the bookseller will capture market share with music and video merchandise.

Bloomberg News contributed to this report

Featured Video
6
This content is rated TV-MA, and is for viewers 18 years or older. Are you of age?
Sorry, you are not old enough to view this content.

Force Friday and the best of IFA 2015

Attention Jedi in training: today is Force Friday. Also, the best of IFA 2015, a new personal safety app explodes in popularity, and new 21.5-inch iMacs are coming.

by Jeff Bakalar