The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $23.5 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 $91.91 million.
As published in a research note from Truist on April 17, 2024, Amazon.com Inc. [AMZN] has been retained to a Buy and the price target has been revised to $216. Analysts at Maxim Group started covering the stock with ‘”a Buy”‘ outlook in a report released in mid April. As of February 02, 2024, Wolfe Research has reiterated its “an Outperform” rating for AMZN. Earlier on February 02, 2024, Wells Fargo resumed its rating. Their recommendation was “an Overweight” for AMZN stock.
Analyzing AMZN Stock Performance
During the last five days, there has been a drop of approximately -5.20%. Over the course of the year, Amazon.com Inc. shares have jumped approximately 17.95%. 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 $177.09, while a 200-day SMA reached $149.47. Nevertheless, trading volume fell to 30.6 million shares from 31.36 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 177.78, which, if violated, would cause prices to drop to 176.35. In the upper region, resistance lies at 181.52. The next price resistance is at 183.83. RSI (Relative Strength Index) is 47.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.20, which suggests the price will decrease in the coming days. Percent R is at 92.59%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
