Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Amazon.com Inc. shares valued at $91,265 were sold by Selipsky Adam on Apr 05 ’24. At $182.53 per share, Selipsky Adam sold 500 shares. The insider’s holdings dropped to 131,100 shares worth approximately $24.78 million following the completion of this transaction.
Also, Selipsky Adam sold 500 shares, netting a total of over 92,000 in proceeds. Following the sale of shares at $184.00 each, the insider now holds 131,600 shares.
Before that, Herrington Douglas J had sold 3,500 shares from its account. In a trade valued at $632,555, the CEO Worldwide Amazon Stores traded Amazon.com Inc. shares for $180.73 each. Upon closing the transaction, the insider’s holdings decreased to 3,500 shares, worth approximately $96.96 million.
As published in a research note from Wolfe Research on February 02, 2024, Amazon.com Inc. [AMZN] has been retained to an Outperform and the price target has been revised to $205. Analysts at Wells Fargo resumed the stock at ‘”an Overweight”‘ outlook in a report released in early February. As of February 02, 2024, Wedbush has reiterated its “an Outperform” rating for AMZN. Earlier on February 02, 2024, The Benchmark Company resumed its rating. Their recommendation was “a Buy” for AMZN stock.
Analyzing AMZN Stock Performance
During the last five days, there has been a surge of approximately 5.03%. Over the course of the year, Amazon.com Inc. shares have jumped approximately 24.42%. Shares of the company reached a 52-week high of $189.77 on 04/11/24 and a 52-week low of $144.05 on 01/04/24. A 50-day SMA is recorded $175.33, while a 200-day SMA reached $148.13. Nevertheless, trading volume fell to 39.88 million shares from 35.88 million shares the previous day.
Support And Resistance Levels for Amazon.com Inc. (AMZN)
According to the 24-hour chart, there is a support level at 186.45, which, if violated, would cause prices to drop to 183.85. In the upper region, resistance lies at 190.71. The next price resistance is at 192.37. RSI (Relative Strength Index) is 72.08 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.60, which suggests the price will increase in the coming days. Percent R is at 5.53%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Amazon.com Inc. subject to short interest?
Stocks of Amazon.com Inc. saw a sharp rise in short interest on Mar 28, 2024 jumping by 3.68 million shares to 70.55 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 66.87 million shares. A jump of 5.22% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.98 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.98.
