Amazon.com Inc.’s recent filing unveils that its CEO Worldwide Amazon Stores Herrington Douglas J unloaded Company’s shares for reported $0.63 million on May 01 ’24. In the deal valued at $180.29 per share,3,500 shares were sold. As a result of this transaction, Herrington Douglas J now holds 509,358 shares worth roughly $96.12 million.
Then, Selipsky Adam sold 500 shares, generating $89,500 in total proceeds. Upon selling the shares at $179.00, the CEO Amazon Web Services now owns 130,100 shares.
Before that, Selipsky Adam sold 500 shares. Amazon.com Inc. shares valued at $90,690 were divested by the CEO Amazon Web Services at a price of $181.38 per share. As a result of the transaction, Selipsky Adam now holds 130,600 shares, worth roughly $24.64 million.
Telsey Advisory Group reiterated its Amazon.com Inc. [AMZN] rating to an Outperform in a research note published on May 01, 2024; the price target was $215. A number of analysts have revised their coverage, including Monness Crespi & Hardt’s analysts, who remained covering the stock and in early May has reiterated a ‘”a Buy”‘ rating for it. Maxim Group also remained covering AMZN and reiterated its “Buy” recommendation on May 01, 2024. Truist maintained its rating on April 17, 2024. It rated AMZN as “a Buy”.
Price Performance Review of AMZN
On Monday, Amazon.com Inc. [NASDAQ:AMZN] saw its stock jump 1.34% to $188.70. Over the last five days, the stock has gained 4.28%. Amazon.com Inc. shares have risen nearly 24.19% since the year began. Nevertheless, the stocks have risen 81.44% over the past one year. While a 52-week high of $189.77 was reached on 04/11/24, a 52-week low of $103.31 was recorded on 01/04/24. SMA at 50 days reached $179.18, while 200 days put it at $152.37. A total of 34.45 million shares were traded, compared to the trading of 39.17 million shares in the previous session.
Levels Of Support And Resistance For AMZN Stock
The 24-hour chart illustrates a support level at 186.09, which if violated will result in even more drops to 183.47. On the upside, there is a resistance level at 190.03. A further resistance level may holdings at 191.36. The Relative Strength Index (RSI) on the 14-day chart is 61.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.80, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.20%. Stochastics %K at 91.45% indicates the stock is a selling.
The most recent change occurred on April 17, 2024 when Maxim Group began covering the stock and recommended ‘”a Buy”‘ rating along with a $218 price target.
