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The Potential Rise in the Price of Amazon.com Inc. (AMZN) following insiders activity

Amazon.com Inc.’s recently made public that its CEO Amazon Web Services Selipsky Adam unloaded Company’s shares for reported $89500.0 on Apr 19 ’24. In the deal valued at $179.00 per share,500 shares were sold. As a result of this transaction, Selipsky Adam now holds 130,100 shares worth roughly $23.54 million.

Then, Selipsky Adam sold 500 shares, generating $90,690 in total proceeds. Upon selling the shares at $181.38, the CEO Amazon Web Services now owns 130,600 shares.

Before that, Selipsky Adam sold 500 shares. Amazon.com Inc. shares valued at $91,265 were divested by the CEO Amazon Web Services at a price of $182.53 per share. As a result of the transaction, Selipsky Adam now holds 131,100 shares, worth roughly $23.72 million.

Truist reiterated its Amazon.com Inc. [AMZN] rating to a Buy in a research note published on April 17, 2024; the price target was $216. A number of analysts have revised their coverage, including Maxim Group’s analysts, who began to cover the stock in mid April with a ‘”a Buy”‘ rating. Wolfe Research also remained covering AMZN and reiterated its “an Outperform” recommendation on February 02, 2024. Wells Fargo maintained its rating on February 02, 2024. It rated AMZN as “an Overweight”.

Price Performance Review of AMZN

On Monday, Amazon.com Inc. [NASDAQ:AMZN] saw its stock jump 0.75% to $180.96. Over the last five days, the stock has gained 2.10%. Amazon.com Inc. shares have risen nearly 19.10% since the year began. Nevertheless, the stocks have risen 64.78% over the past one year. While a 52-week high of $189.77 was reached on 04/11/24, a 52-week low of $101.15 was recorded on 01/04/24. SMA at 50 days reached $178.00, while 200 days put it at $151.13. A total of 52.66 million shares were traded, compared to the trading of 43.92 million shares in the previous session.

Levels Of Support And Resistance For AMZN Stock

The 24-hour chart illustrates a support level at 179.06, which if violated will result in even more drops to 177.15. On the upside, there is a resistance level at 183.20. A further resistance level may holdings at 185.43. The Relative Strength Index (RSI) on the 14-day chart is 52.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.57%. Stochastics %K at 50.16% indicates the stock is a holding.

The most recent change occurred on February 02, 2024 when Wedbush resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $220.

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