In a filing, Amazon.com Inc revealed its Director Jeffrey P. Bezos acquired Company’s shares for reported $3.05 billion on Nov 01 ’24. In the deal valued at $186.40 per share,16,354,620 shares were bought.
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Then, RUBINSTEIN JONATHAN bought 5,004 shares, generating $1,000,049 in total proceeds.
Before that, Herrington Douglas J sold 3,500 shares. Amazon.com Inc shares valued at $646,800 were divested by the CEO Worldwide Amazon Stores at a price of $184.80 per share. As a result of the transaction, Herrington Douglas J now holds 514,160 shares, worth roughly $101.77 million.
Telsey Advisory Group reiterated its Amazon.com Inc [AMZN] rating to an Outperform in a research note published on November 01, 2024; the price target was $235. A number of analysts have revised their coverage, including Monness Crespi & Hardt’s analysts, who remained covering the stock and in early November has reiterated a ‘”a Buy”‘ rating for it. Loop Capital also remained covering AMZN and reiterated its “Buy” recommendation on October 16, 2024. Scotiabank started covering the stock on October 11, 2024. It rated AMZN as “a Sector outperform”.
Price Performance Review of AMZN
On Friday, Amazon.com Inc [NASDAQ:AMZN] saw its stock jump 6.19% to $197.93. Over the last five days, the stock has gained 5.38%. Amazon.com Inc shares have risen nearly 30.27% since the year began. Nevertheless, the stocks have risen 44.47% over the past one year. While a 52-week high of $201.20 was reached on 07/08/24, a 52-week low of $133.71 was recorded on 01/04/24. SMA at 50 days reached $184.79, while 200 days put it at $180.59.
Levels Of Support And Resistance For AMZN Stock
The 24-hour chart illustrates a support level at 196.47, which if violated will result in even more drops to 195.00. On the upside, there is a resistance level at 199.95. A further resistance level may holdings at 201.96. The Relative Strength Index (RSI) on the 14-day chart is 63.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.42, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.29%. Stochastics %K at 61.10% 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 2024-10-15, growing by 80598.0 shares to a total of 83.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 83.84 million shares. There was a rise of 0.1%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 11, 2024 when Pivotal Research Group began covering the stock and recommended ‘”a Buy”‘ rating along with a $260 price target.
