Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Amazon.com Inc. shares valued at $620,524 were sold by Herrington Douglas J on Jun 03 ’24. At $177.29 per share, Herrington Douglas J sold 3,500 shares. The insider’s holdings dropped to 523,253 shares worth approximately $96.8 million following the completion of this transaction.
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Also, Selipsky Adam sold 500 shares, netting a total of over 91,925 in proceeds. Following the sale of shares at $183.85 each, the insider now holds 145,524 shares.
Before that, Jassy Andrew R had sold 20,784 shares from its account. In a trade valued at $3,770,948, the President and CEO traded Amazon.com Inc. shares for $181.44 each. Upon closing the transaction, the insider’s holdings decreased to 20,784 shares, worth approximately $374.69 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 3.17%. Over the course of the year, Amazon.com Inc. shares have jumped approximately 21.76%. 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 $182.44, while a 200-day SMA reached $157.80. Nevertheless, trading volume fell to 31.27 million shares from 32.12 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 182.66, which, if violated, would cause prices to drop to 180.32. In the upper region, resistance lies at 186.17. The next price resistance is at 187.34. RSI (Relative Strength Index) is 56.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.43, which suggests the price will decrease in the coming days. Percent R is at 13.01%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
