CEO Worldwide Amazon Stores Herrington Douglas J sale 3,500 shares of Amazon.com Inc. [AMZN]

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 $646,800 were sold by Herrington Douglas J on Oct 01 ’24. At $184.80 per share, Herrington Douglas J sold 3,500 shares. The insider’s holdings dropped to 514,160 shares worth approximately $94.97 million following the completion of this transaction.

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Also, Zapolsky David sold 2,190 shares, netting a total of over 427,050 in proceeds. Following the sale of shares at $195.00 each, the insider now holds 62,420 shares.

Before that, Herrington Douglas J had sold 3,500 shares from its account. In a trade valued at $622,545, the CEO Worldwide Amazon Stores traded Amazon.com Inc. shares for $177.87 each. Upon closing the transaction, the insider’s holdings decreased to 3,500 shares, worth approximately $95.62 million.

As published in a research note from Loop Capital on October 16, 2024, Amazon.com Inc. [AMZN] has been retained to a Buy and the price target has been revised to $800. Analysts at Scotiabank started covering the stock with ‘”a Sector outperform”‘ outlook in a report released in mid October. As of October 11, 2024, Pivotal Research Group has initiated its “Buy” rating for AMZN. Earlier on October 09, 2024, Cantor Fitzgerald resumed its rating. Their recommendation was “an Overweight” for AMZN stock.

Analyzing AMZN Stock Performance

During the last five days, there has been a drop of approximately -1.17%. Over the course of the year, Amazon.com Inc. shares have jumped approximately 21.57%. Nevertheless, trading volume fell to 31.62 million shares from 29.65 million shares the previous day.