Amazon’s stock resumes its breakout. Losing some UPS deliveries won’t stop it.
Amazon’s stock surged 1.3% to close at $237.68 on Friday. It reached as high as $240.29 in intraday trading, which was above its Jan. 28 record close of $238.15. There appeared to be some worry among investors about how UPS’s bombshell announcement might impact Amazon’s business.