Shares of Amazon.com Inc. surged 1.8% in morning trade Thursday toward a fourth-straight record closing high, bringing them to within a fraction of the $1,000 mark. The stock traded at a all-time intraday high of $998.31 earlier, or just 0.2% away from the four-digit threshold. The stock is on pace to reach its ninth record close this month, and 21st record this month. The stock has run up 33% year to date, while the S&P 500 has gained 8% and the Nasdaq Composite has climbed 15%. Of the 45 analysts surveyed by FactSet, 30 have price targets above $1,000, with an average target of $1,090.03.
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