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 $186,220 were sold by Alexander Keith Brian on May 06 ’24. At $186.22 per share, Alexander Keith Brian sold 1,000 shares. The insider’s holdings dropped to 4,760 shares worth approximately $0.9 million following the completion of this transaction.
Also, Herrington Douglas J sold 3,500 shares, netting a total of over 631,012 in proceeds. Following the sale of shares at $180.29 each, the insider now holds 509,358 shares.
Before that, Selipsky Adam had sold 500 shares from its account. In a trade valued at $89,500, the CEO Amazon Web Services traded Amazon.com Inc. shares for $179.00 each. Upon closing the transaction, the insider’s holdings decreased to 500 shares, worth approximately $24.65 million.
As published in a research note from Telsey Advisory Group on May 01, 2024, Amazon.com Inc. [AMZN] has been retained to an Outperform and the price target has been revised to $215. Analysts at Monness Crespi & Hardt resumed the stock at ‘”a Buy”‘ outlook in a report released in early May. As of May 01, 2024, Maxim Group has reiterated its “Buy” rating for AMZN. Earlier on April 17, 2024, Truist 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 2.59%. Over the course of the year, Amazon.com Inc. shares have jumped approximately 24.72%. Shares of the company reached a 52-week high of $191.70 on 05/09/24 and a 52-week low of $144.05 on 01/04/24. A 50-day SMA is recorded $180.08, while a 200-day SMA reached $153.26. Nevertheless, trading volume fell to 42.33 million shares from 26.14 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 187.39, which, if violated, would cause prices to drop to 185.29. In the upper region, resistance lies at 191.65. The next price resistance is at 193.81. RSI (Relative Strength Index) is 61.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.79, which suggests the price will increase in the coming days. Percent R is at 8.67%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
