Amazon.com Inc’s filing revealed that its Director RUBINSTEIN JONATHAN unloaded Company’s shares for reported $1.0 million on Dec 09 ’24. In the deal valued at $229.85 per share,4,351 shares were sold. As a result of this transaction, RUBINSTEIN JONATHAN now holds 88,203 shares worth roughly $20.39 million.
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Then, RUBINSTEIN JONATHAN bought 4,351 shares, generating $1,000,077 in total proceeds.
Before that, RUBINSTEIN JONATHAN sold 4,549 shares. Amazon.com Inc shares valued at $1,000,098 were divested by the Director at a price of $219.85 per share. As a result of the transaction, RUBINSTEIN JONATHAN now holds 92,554 shares, worth roughly $21.39 million.
UBS reiterated its Amazon.com Inc [AMZN] rating to a Buy in a research note published on December 16, 2024; the price target was $264. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in mid November has reiterated a ‘”a Buy”‘ rating for it. Telsey Advisory Group also remained covering AMZN and reiterated its “an Outperform” recommendation on November 01, 2024. Monness Crespi & Hardt maintained its rating on November 01, 2024. It rated AMZN as “a Buy”.
Price Performance Review of AMZN
On Tuesday, Amazon.com Inc [NASDAQ:AMZN] saw its stock fall -0.76% to $231.15. Over the last five days, the stock has gained 2.72%. Amazon.com Inc shares have risen nearly 52.13% since the year began. Nevertheless, the stocks have risen 54.13% over the past one year. While a 52-week high of $233.00 was reached on 12/16/24, a 52-week low of $144.05 was recorded on 01/04/24. SMA at 50 days reached $203.20, while 200 days put it at $187.55.
Levels Of Support And Resistance For AMZN Stock
The 24-hour chart illustrates a support level at 228.42, which if violated will result in even more drops to 225.70. On the upside, there is a resistance level at 233.30. A further resistance level may holdings at 235.46. The Relative Strength Index (RSI) on the 14-day chart is 69.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.70, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.51%. Stochastics %K at 93.88% 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 2024-11-29, growing by 3.88 million shares to a total of 80.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 76.62 million shares. There was a rise of 4.81%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 16, 2024 when Loop Capital resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $800.
