Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Amazon.com Inc. shares valued at $89,500 were sold by Selipsky Adam on Apr 19 ’24. At $179.00 per share, Selipsky Adam sold 500 shares. The insider’s holdings dropped to 130,100 shares worth approximately $22.59 million following the completion of this transaction.
Also, Selipsky Adam sold 500 shares, netting a total of over 90,690 in proceeds. Following the sale of shares at $181.38 each, the insider now holds 130,600 shares.
Before that, Selipsky Adam had sold 500 shares from its account. In a trade valued at $91,265, the CEO Amazon Web Services traded Amazon.com Inc. shares for $182.53 each. Upon closing the transaction, the insider’s holdings decreased to 500 shares, worth approximately $22.77 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 -3.10%. Over the course of the year, Amazon.com Inc. shares have jumped approximately 14.30%. 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 $177.61, while a 200-day SMA reached $150.65. Nevertheless, trading volume fell to 47.34 million shares from 34.19 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 168.69, which, if violated, would cause prices to drop to 163.70. In the upper region, resistance lies at 176.29. The next price resistance is at 178.90. RSI (Relative Strength Index) is 39.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.91, which suggests the price will decrease in the coming days. Percent R is at 68.66%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
