Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Amazon.com Inc shares valued at $1,000,077 were sold by RUBINSTEIN JONATHAN on Dec 09 ’24. At $229.85 per share, RUBINSTEIN JONATHAN sold 4,351 shares. The insider’s holdings dropped to 88,203 shares worth approximately $19.7 million following the completion of this transaction.
Also, RUBINSTEIN JONATHAN purchased 4,351 shares, netting a total of over 1,000,077 in proceeds.
Before that, RUBINSTEIN JONATHAN had sold 4,549 shares from its account. In a trade valued at $1,000,098, the Director traded Amazon.com Inc shares for $219.85 each. Upon closing the transaction, the insider’s holdings decreased to 4,549 shares, worth approximately $20.67 million.
As published in a research note from Wedbush on January 06, 2025, Amazon.com Inc [AMZN] has been retained to an Outperform and the price target has been revised to $260. Analysts at Wolfe Research resumed the stock at ‘”an Outperform”‘ outlook in a report released in early January. As of December 16, 2024, UBS has reiterated its “Buy” rating for AMZN. Earlier on November 14, 2024, Needham 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 0.56%. Over the course of the year, Amazon.com Inc shares have jumped approximately 1.81%. Shares of the company reached a 52-week high of $228.84 on 01/06/25 and a 52-week low of $216.20 on 01/14/25. A 50-day SMA is recorded $215.82, while a 200-day SMA reached $191.69. Nevertheless, trading volume fell to 31.13 million shares from 24.71 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 221.54, which, if violated, would cause prices to drop to 219.74. In the upper region, resistance lies at 224.36. The next price resistance is at 225.38. RSI (Relative Strength Index) is 53.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.67, which suggests the price will decrease in the coming days. Percent R is at 44.74%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
