Amazon.com Inc’s recently made public that its Executive Chair BEZOS JEFFREY P unloaded Company’s shares for reported $629.02 million on Nov 07 ’24. In the deal valued at $209.93 per share,2,996,362 shares were sold. As a result of this transaction, BEZOS JEFFREY P now holds 920,413,338 shares worth roughly $191.61 billion.
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Then, BEZOS JEFFREY P sold 2,996,362 shares, generating $602,361,421 in total proceeds. Upon selling the shares at $201.03, the Executive Chair now owns 923,409,700 shares.
Before that, RUBINSTEIN JONATHAN bought 4,766 shares. Amazon.com Inc shares valued at $1,000,145 were divested by the Director at a price of $209.85 per share.
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 fall -0.89% to $208.18. Over the last five days, the stock has gained 5.18%. Amazon.com Inc shares have risen nearly 37.01% since the year began. Nevertheless, the stocks have risen 46.52% over the past one year. While a 52-week high of $212.25 was reached on 11/07/24, a 52-week low of $139.52 was recorded on 01/04/24. SMA at 50 days reached $187.83, while 200 days put it at $181.79.
Levels Of Support And Resistance For AMZN Stock
The 24-hour chart illustrates a support level at 207.09, which if violated will result in even more drops to 206.00. On the upside, there is a resistance level at 209.62. A further resistance level may holdings at 211.05. The Relative Strength Index (RSI) on the 14-day chart is 68.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 13.76, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.25%. Stochastics %K at 92.04% indicates the stock is a selling.
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.
