Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Amazon.com Inc shares valued at $1,000,145 were sold by RUBINSTEIN JONATHAN on Nov 07 ’24. At $209.85 per share, RUBINSTEIN JONATHAN sold 4,766 shares. The insider’s holdings dropped to 94,630 shares worth approximately $20.26 million following the completion of this transaction.
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Also, BEZOS JEFFREY P sold 2,996,362 shares, netting a total of over 625,783,425 in proceeds. Following the sale of shares at $208.85 each, the insider now holds 917,416,976 shares.
Before that, BEZOS JEFFREY P had sold 2,996,362 shares from its account. In a trade valued at $619,496,520, the Executive Chair traded Amazon.com Inc shares for $206.75 each. Upon closing the transaction, the insider’s holdings decreased to 2,996,362 shares, worth approximately $195.78 billion.
As published in a research note from Telsey Advisory Group on November 01, 2024, Amazon.com Inc [AMZN] has been retained to an Outperform and the price target has been revised to $235. Analysts at Monness Crespi & Hardt resumed the stock at ‘”a Buy”‘ outlook in a report released in early November. As of October 16, 2024, Loop Capital has reiterated its “Buy” rating for AMZN. Earlier on October 11, 2024, Scotiabank initiated its rating. Their recommendation was “a Sector outperform” for AMZN stock.
Analyzing AMZN Stock Performance
During the last five days, there has been a surge of approximately 3.39%. Over the course of the year, Amazon.com Inc shares have jumped approximately 40.91%. Shares of the company reached a 52-week high of $215.09 on 11/13/24 and a 52-week low of $144.05 on 01/04/24. A 50-day SMA is recorded $189.87, while a 200-day SMA reached $182.54. Nevertheless, trading volume fell to 46.13 million shares from 38.94 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 210.46, which, if violated, would cause prices to drop to 206.83. In the upper region, resistance lies at 216.41. The next price resistance is at 218.73. RSI (Relative Strength Index) is 72.14 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 10.34, which suggests the price will increase in the coming days. Percent R is at 3.32%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
