Amazon is getting a boost from Cyber Monday

Getty ImagesA worker inside an Amazon warehouse.
  • Cyber Monday is expected to be the single biggest shopping day in America’s history.
  • Amazon is trading higher on the shopping holiday.
  • The company expects to ship millions of packages on Monday.
  • Check out the live price of Amazon stock.

Shares of Amazon are trading up 1.41% to $US1,202.51 on Cyber Monday.

The stock is trading near all-time highs after a strong performance on Black Friday. Shares rose 1.95% during the shortened Black Friday trading day, and turned its CEO, Jeff Bezos, into the world’s only person currently worth more than $US100 billion.

Last year, Amazon customers bought 740 items per second on the Cyber Monday holiday and 64 million items in total, according to a news release from the company. Amazon is offering discounts on hundreds of products and allowed customers to access some of the deals early if they used their Alexa voice assistant devices to place their order.

Online shopping accounted for a record $US7.9 billion in sales on Black Friday, a 17.9% jump compared to last year according to Adobe Analytics, while foot traffic to stores was expected to have declined.

Read more about the results of Black Friday.

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