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 $622,545 were sold by Herrington Douglas J on Sep 03 ’24. At $177.87 per share, Herrington Douglas J sold 3,500 shares. The insider’s holdings dropped to 517,660 shares worth approximately $98.29 million following the completion of this transaction.
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Also, Jassy Andrew R sold 20,784 shares, netting a total of over 3,757,109 in proceeds. Following the sale of shares at $180.77 each, the insider now holds 2,056,534 shares.
Before that, Herrington Douglas J had sold 6,104 shares from its account. In a trade valued at $1,106,048, the CEO Worldwide Amazon Stores traded Amazon.com Inc. shares for $181.20 each. Upon closing the transaction, the insider’s holdings decreased to 6,104 shares, worth approximately $98.95 million.
As published in their initiating research note from Cantor Fitzgerald on September 05, 2024, Amazon.com Inc. [AMZN] has been an Overweight and the price target has been revised to $230. Analysts at Maxim Group resumed the stock at ‘”a Buy”‘ outlook in a report released in early August. As of August 02, 2024, Itau BBA has decreased its “an Outperform” rating to a “Market perform” for AMZN. Earlier on July 30, 2024, UBS 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 1.53%. Over the course of the year, Amazon.com Inc. shares have jumped approximately 24.96%. Shares of the company reached a 52-week high of $201.20 on 07/08/24 and a 52-week low of $144.05 on 01/04/24. A 50-day SMA is recorded $178.93, while a 200-day SMA reached $174.73. Nevertheless, trading volume fell to 39.48 million shares from 34.45 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 188.56, which, if violated, would cause prices to drop to 187.26. In the upper region, resistance lies at 191.08. The next price resistance is at 192.30. RSI (Relative Strength Index) is 63.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.41, which suggests the price will increase in the coming days. Percent R is at 5.65%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
