Amazon On Track To Open At All-time High, With Bezos Set For a $4 Billion Pay Day | Fox Business

Amazon.com's stock soared 12% in premarket trade Friday, putting it on track to open well above the Jan. 22, 2014 all-time intraday high of $408.06, as investors and analysts cheered the e-commerce giant's first-quarter results. The current premarket gain $48.01 to $438 would boost Amazon's market capitalization by $22.3 billion to $203.4 billion, which would lift its ranking within the S&P 500 to 13th from 17th. Bezos, Amazon's largest shareholder with 83.93 million shares, or 18.07% of the shares outstanding according to FactSet, stands to make $4.03 billion in one day. A number of analysts upgraded Amazon Friday, including those from J.P. Morgan, Raymond James and Cantor Fitzgerald.