The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Amazon.com Inc. shares valued at $427,050 were sold by Zapolsky David on Sep 24 ’24. At $195.00 per share, Zapolsky David sold 2,190 shares. The insider’s holdings dropped to 62,420 shares worth approximately $11.53 million following the completion of this transaction.
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Also, Herrington Douglas J sold 3,500 shares, netting a total of over 622,545 in proceeds. Following the sale of shares at $177.87 each, the insider now holds 517,660 shares.
Before that, Jassy Andrew R had sold 20,784 shares from its account. In a trade valued at $3,757,109, the President and CEO traded Amazon.com Inc. shares for $180.77 each. Upon closing the transaction, the insider’s holdings decreased to 20,784 shares, worth approximately $379.97 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 drop of approximately -4.04%. Over the course of the year, Amazon.com Inc. shares have jumped approximately 21.60%. 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 $179.10, while a 200-day SMA reached $176.66. Nevertheless, trading volume fell to 23.58 million shares from 36.04 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 183.67, which, if violated, would cause prices to drop to 182.57. In the upper region, resistance lies at 186.23. The next price resistance is at 187.69. RSI (Relative Strength Index) is 50.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.30, which suggests the price will decrease in the coming days. Percent R is at 88.34%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
