Alphabet stock price exceeds $1,000 a share for the first time

Alphabet (Google's parent company) shares broke $1,000 for the first time on June 5.

At the opening of trading on the Nasdaq exchange, the shares were worth $997.89 and soon exceeded one thousand, reaching a maximum of $1007.4. By the end of the trading session, the shares were worth $1,003.88.

A week earlier, this threshold was crossed by Amazon.

According to CNN, the high share prices are due, among other things, to the fact that both companies rarely resort to a share split - an increase in their number with shareholders while reducing the price proportionally. This technique allows you to reduce prices and increase the number of bidders.

• Alphabet is second in capitalization (about $680 billion) only to Apple (over $800 billion). Amazon (488 billion) is in fourth place behind Apple, Alphabet and Microsoft (571 billion).