Amazon.com Inc’s recent filing unveils that its Officer DOUGLAS HERRINGTON acquired Company’s shares for reported $3.19 million on Nov 15 ’24. In the deal valued at $211.48 per share,15,106 shares were bought.
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Then, BEZOS JEFFREY P sold 2,996,362 shares, generating $622,257,321 in total proceeds. Upon selling the shares at $207.67, the Executive Chair now owns 911,424,252 shares.
Before that, BEZOS JEFFREY P sold 304,358 shares. Amazon.com Inc shares valued at $64,264,092 were divested by the Executive Chair at a price of $211.15 per share. As a result of the transaction, BEZOS JEFFREY P now holds 911,119,894 shares, worth roughly $183.77 billion.
Needham reiterated its Amazon.com Inc [AMZN] rating to a Buy in a research note published on November 14, 2024; the price target was $250. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early November has reiterated a ‘”an Outperform”‘ rating for it. Monness Crespi & Hardt also remained covering AMZN and reiterated its “Buy” recommendation on November 01, 2024. Loop Capital maintained its rating on October 16, 2024. It rated AMZN as “a Buy”.
Price Performance Review of AMZN
On Monday, Amazon.com Inc [NASDAQ:AMZN] saw its stock fall -0.45% to $201.70. Over the last five days, the stock has lost -2.49%. Amazon.com Inc shares have risen nearly 32.75% since the year began. Nevertheless, the stocks have risen 41.22% over the past one year. While a 52-week high of $215.90 was reached on 11/14/24, a 52-week low of $139.52 was recorded on 01/04/24. SMA at 50 days reached $191.69, while 200 days put it at $183.19.
Levels Of Support And Resistance For AMZN Stock
The 24-hour chart illustrates a support level at 200.21, which if violated will result in even more drops to 198.72. On the upside, there is a resistance level at 203.93. A further resistance level may holdings at 206.16. The Relative Strength Index (RSI) on the 14-day chart is 54.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.17, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 46.30%. Stochastics %K at 65.32% 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 2024-10-31, dropping by -16.0 million shares to a total of 76.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 92.62 million shares. There was a decline of -20.88%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 11, 2024 when Scotiabank began covering the stock and recommended ‘”a Sector outperform”‘ rating along with a $245 price target.
