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Tech Industry

Amazon heads for Nasdaq 100

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

    No. 1 online bookseller 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