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 $97.08 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 $97.74 million.
Scotiabank initiated its Amazon.com Inc. [AMZN] rating to a Sector outperform in a research note published on October 11, 2024; the price target was $245. A number of analysts have revised their coverage, including Pivotal Research Group’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. Cantor Fitzgerald also remained covering AMZN and reiterated its “an Overweight” recommendation on October 09, 2024. Wells Fargo revised its rating on October 07, 2024. It rated AMZN as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of AMZN
On Friday, Amazon.com Inc. [NASDAQ:AMZN] saw its stock jump 1.16% to $188.82. Over the last five days, the stock has gained 1.24%. Amazon.com Inc. shares have risen nearly 24.27% since the year began. Nevertheless, the stocks have risen 43.23% 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 $179.37, while 200 days put it at $177.77.
Levels Of Support And Resistance For AMZN Stock
The 24-hour chart illustrates a support level at 186.77, which if violated will result in even more drops to 184.72. On the upside, there is a resistance level at 190.40. A further resistance level may holdings at 191.98. The Relative Strength Index (RSI) on the 14-day chart is 56.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.32%. Stochastics %K at 43.85% indicates the stock is a holding.
How much short interest is there in Amazon.com Inc.?
A steep rise in short interest was recorded in Amazon.com Inc. stocks on 2024-09-30, growing by 11.35 million shares to a total of 92.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 81.27 million shares. There was a rise of 12.26%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 05, 2024 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating along with a $230 price target.
