Amazon.com Inc.’s recent filing unveils that its CEO Worldwide Amazon Stores Herrington Douglas J unloaded Company’s shares for reported $0.65 million on Oct 01 ’24. In the deal valued at $184.80 per share,3,500 shares were sold. As a result of this transaction, Herrington Douglas J now holds 514,160 shares worth roughly $95.9 million.
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Then, Zapolsky David sold 2,190 shares, generating $427,050 in total proceeds. Upon selling the shares at $195.00, the Senior Vice President now owns 62,420 shares.
Before that, Herrington Douglas J sold 3,500 shares. Amazon.com Inc. shares valued at $622,545 were divested by the CEO Worldwide Amazon Stores at a price of $177.87 per share. As a result of the transaction, Herrington Douglas J now holds 517,660 shares, worth roughly $96.55 million.
Cantor Fitzgerald initiated its Amazon.com Inc. [AMZN] rating to an Overweight in a research note published on September 05, 2024; the price target was $230. A number of analysts have revised their coverage, including Maxim Group’s analysts, who remained covering the stock and in early August has reiterated a ‘”a Buy”‘ rating for it. Itau BBA also remained covering AMZN and has decreased its forecast on August 02, 2024 with a “Market perform” recommendation from previously “an Outperform” rating. UBS maintained its rating on July 30, 2024. It rated AMZN as “a Buy”.
Price Performance Review of AMZN
On Friday, Amazon.com Inc. [NASDAQ:AMZN] saw its stock jump 2.50% to $186.51. Over the last five days, the stock has lost -0.78%. Amazon.com Inc. shares have risen nearly 22.75% since the year began. Nevertheless, the stocks have risen 46.86% over the past one year. While a 52-week high of $201.20 was reached on 07/08/24, a 52-week low of $118.35 was recorded on 01/04/24. SMA at 50 days reached $179.25, while 200 days put it at $176.98.
Levels Of Support And Resistance For AMZN Stock
The 24-hour chart illustrates a support level at 184.21, which if violated will result in even more drops to 181.90. On the upside, there is a resistance level at 188.21. A further resistance level may holdings at 189.90. The Relative Strength Index (RSI) on the 14-day chart is 53.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.12%. Stochastics %K at 19.34% indicates the stock is a buying.
How much short interest is there in Amazon.com Inc.?
A steep rise in short interest was recorded in Amazon.com Inc. stocks on 2024-09-13, growing by 3.05 million shares to a total of 83.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 80.8 million shares. There was a rise of 3.63%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 17, 2024 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $210.
