A 13.2-percent gain in a single day is a sizable move for a company of any market cap. For a company with a $500 billion market cap, it’s almost unbelievable.
Yet there are plenty of things about Amazon.com, Inc. AMZN 0.65%that are unbelievable, so maybe the fact that it added $62 billion in market cap in a single day on Oct. 27 after a big third-quarter earnings beat shouldn’t surprise anyone.
It’s hard to put a one-day move like that into perspective, but here’s a few ways to try to wrap your head around Amazon and its incredible earnings pop.
Rare Company
To start off, with a market cap of $535 billion, Amazon is one of only a handful of public companies in the world with market caps of half a trillion dollars or larger. The title of world largest public company still goes to Apple Inc. AAPL 0.56%, but here’s a rundown of Amazon’s other competition:
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- Apple: $861 billion market cap.
- Alphabet Inc GOOG 1.3% GOOGL 1.2%: $712 billion market cap.
- Microsoft Corporation MSFT 0.96%: $647 billion market cap.
- Amazon: $535 billion market cap.
- Facebook Inc FB 0.33%: $522 billion market cap.
Mega Move
Not only is Amazon’s size impressive, its $62 billion one-day increase in value is also mind-blowing. In fact, Amazon’s increase in value is roughly equal to the entire market cap of some major companies:
- ConocoPhillips COP 0.18%: $62 billion market cap.
- General Motors Company GM 0.64%: $62 billion market cap.
- Colgate-Palmolive Company CL 1.02%: $61 billion market cap.
- FedEx Corporation FDX 0.88%: $60 billion market cap.
- Charles Schwab Corp SCHW 0.09%: $60 billion market cap.
What Could A Share Of Amazon Buy?
One final way to appreciate Amazon stock’s impressive run is to look at the value of a single share of the stock, which is now above $1,100 per share. Here’s a look…
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