The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Amazon.com Inc shares valued at $14,076,870 were purchased by BEZOS EARTH FUND FOUNDATION on Nov 21 ’24. At $198.81 per share, BEZOS EARTH FUND FOUNDATION acquired 70,806 shares.
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Also, SHELLEY REYNOLDS purchased 2,700 shares, netting a total of over 547,776 in proceeds.
Before that, SHELLEY L REYNOLDS had added 1,091 shares to its account. In a trade valued at $221,342, the Officer bought Amazon.com Inc shares for $202.88 each.
As published in a research note from Needham on November 14, 2024, Amazon.com Inc [AMZN] has been retained to a Buy and the price target has been revised to $250. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in early November. As of November 01, 2024, Monness Crespi & Hardt has reiterated its “Buy” rating for AMZN. Earlier on October 16, 2024, Loop Capital resumed its rating. Their recommendation was “a Buy” for AMZN stock.
Analyzing AMZN Stock Performance
During the last five days, there has been a drop of approximately -6.19%. Over the course of the year, Amazon.com Inc shares have jumped approximately 30.56%. Shares of the company reached a 52-week high of $215.90 on 11/14/24 and a 52-week low of $144.05 on 01/04/24. A 50-day SMA is recorded $192.78, while a 200-day SMA reached $183.67. Nevertheless, trading volume fell to 58.55 million shares from 32.77 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 194.92, which, if violated, would cause prices to drop to 191.47. In the upper region, resistance lies at 202.66. The next price resistance is at 206.95. RSI (Relative Strength Index) is 49.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.19, which suggests the price will decrease in the coming days. Percent R is at 81.15%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
