Amazon.com Inc.’s filing revealed that its CEO Amazon Web Services Selipsky Adam unloaded Company’s shares for reported $91265.0 on Apr 05 ’24. In the deal valued at $182.53 per share,500 shares were sold. As a result of this transaction, Selipsky Adam now holds 131,100 shares worth roughly $24.28 million.
Then, Selipsky Adam sold 500 shares, generating $92,000 in total proceeds. Upon selling the shares at $184.00, the CEO Amazon Web Services now owns 131,600 shares.
Before that, Herrington Douglas J sold 3,500 shares. Amazon.com Inc. shares valued at $632,555 were divested by the CEO Worldwide Amazon Stores at a price of $180.73 per share. As a result of the transaction, Herrington Douglas J now holds 512,858 shares, worth roughly $94.98 million.
Wolfe Research reiterated its Amazon.com Inc. [AMZN] rating to an Outperform in a research note published on February 02, 2024; the price target was $205. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who remained covering the stock and in early February has reiterated a ‘”an Overweight”‘ rating for it. Wedbush also remained covering AMZN and reiterated its “an Outperform” recommendation on February 02, 2024. The Benchmark Company maintained its rating on February 02, 2024. It rated AMZN as “a Buy”.
Price Performance Review of AMZN
On Monday, Amazon.com Inc. [NASDAQ:AMZN] saw its stock jump 0.06% to $185.19. Over the last five days, the stock has gained 2.33%. Amazon.com Inc. shares have risen nearly 21.88% since the year began. Nevertheless, the stocks have risen 83.18% over the past one year. While a 52-week high of $186.27 was reached on 04/08/24, a 52-week low of $97.71 was recorded on 01/04/24. SMA at 50 days reached $173.71, while 200 days put it at $147.26. A total of 39.13 million shares were traded, compared to the trading of 15.89 million shares in the previous session.
Levels Of Support And Resistance For AMZN Stock
The 24-hour chart illustrates a support level at 184.24, which if violated will result in even more drops to 183.28. On the upside, there is a resistance level at 186.72. A further resistance level may holdings at 188.24. The Relative Strength Index (RSI) on the 14-day chart is 66.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.25%. Stochastics %K at 77.10% indicates the stock is a holding.
How much short interest is there in Amazon.com Inc.?
A steep rise in short interest was recorded in Amazon.com Inc. stocks on Mar 15, 2024, growing by 5.76 million shares to a total of 72.82 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 67.06 million shares. There was a rise of 7.91%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 0.93% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.74.
The most recent change occurred on February 02, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $200.
