Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Amazon.com Inc shares valued at $735,000 were sold by Herrington Douglas J on Dec 02 ’24. At $210.00 per share, Herrington Douglas J sold 3,500 shares. The insider’s holdings dropped to 524,567 shares worth approximately $114.44 million following the completion of this transaction.
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Also, RUBINSTEIN JONATHAN purchased 4,549 shares, netting a total of over 1,000,098 in proceeds.
Before that, Jassy Andrew R had sold 20,784 shares from its account. In a trade valued at $4,160,373, the President and CEO traded Amazon.com Inc shares for $200.17 each. Upon closing the transaction, the insider’s holdings decreased to 20,784 shares, worth approximately $455.45 million.
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 surge of approximately 4.96%. Over the course of the year, Amazon.com Inc shares have jumped approximately 43.58%. Shares of the company reached a 52-week high of $220.00 on 12/04/24 and a 52-week low of $144.05 on 01/04/24. A 50-day SMA is recorded $195.75, while a 200-day SMA reached $185.16. Nevertheless, trading volume fell to 48.49 million shares from 1.35 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 215.94, which, if violated, would cause prices to drop to 213.72. In the upper region, resistance lies at 220.19. The next price resistance is at 222.22. RSI (Relative Strength Index) is 67.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.10, which suggests the price will increase in the coming days. Percent R is at 7.59%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
