Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $99.09 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 $99.77 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 surge of approximately 4.34%. Over the course of the year, Amazon.com Inc. shares have jumped approximately 26.85%. 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 $184.23, while a 200-day SMA reached $180.19. Nevertheless, trading volume fell to 36.72 million shares from 35.69 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 191.56, which, if violated, would cause prices to drop to 190.40. In the upper region, resistance lies at 194.75. The next price resistance is at 196.78. RSI (Relative Strength Index) is 61.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.29, which suggests the price will increase in the coming days. Percent R is at 24.16%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
