Amazon.com Inc’s recent filing unveils 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 $19.77 million.
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 $20.75 million.
Wolfe Research reiterated its Amazon.com Inc [AMZN] rating to an Outperform in a research note published on January 03, 2025; the price target was $270. A number of analysts have revised their coverage, including UBS’s analysts, who remained covering the stock and in mid December has reiterated a ‘”a Buy”‘ rating for it. Needham also remained covering AMZN and reiterated its “Buy” recommendation on November 14, 2024. Telsey Advisory Group maintained its rating on November 01, 2024. It rated AMZN as “an Outperform”.
Price Performance Review of AMZN
On Friday, Amazon.com Inc [NASDAQ:AMZN] saw its stock jump 1.80% to $224.19. Over the last five days, the stock has lost -1.26%. Amazon.com Inc shares have risen nearly 2.19% since the year began. Nevertheless, the stocks have risen 51.00% over the past one year. While a 52-week high of $233.00 was reached on 01/03/25, a 52-week low of $144.05 was recorded on 01/02/25. SMA at 50 days reached $211.16, while 200 days put it at $190.21.
Levels Of Support And Resistance For AMZN Stock
The 24-hour chart illustrates a support level at 222.09, which if violated will result in even more drops to 219.98. On the upside, there is a resistance level at 225.83. A further resistance level may holdings at 227.46. The Relative Strength Index (RSI) on the 14-day chart is 55.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.49%. Stochastics %K at 20.27% 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 2024-12-13, dropping by -0.47 million shares to a total of 83.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 83.77 million shares. There was a decline of -0.56%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 01, 2024 when Monness Crespi & Hardt resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $245.
