Amazon CEO Adam Selipsky recently sold 500 shares of the company’s stock for a reported $65,900 on September 21. The shares were sold at a price of $131.80 per share. Following this transaction, Selipsky now holds 106,020 shares worth approximately $13.22 million.
In another sale, David Zapolsky, Senior Vice President of Amazon, divested 42,816 shares. The shares were sold at a price of $145.13 per share, resulting in a total value of $6,213,886. Zapolsky now holds 64,380 shares worth around $8.03 million.
Piper Sandler has reiterated its “Overweight” rating for Amazon.com Inc. [AMZN] in a research note published on August 24, 2023. The price target for the stock was set at $185, representing a premium of 32.58% to its Tuesday closing price.
In terms of price performance, Amazon.com Inc. [NASDAQ:AMZN] saw its stock fall by -3.66% to $124.72 on Tuesday. The stock reached a low of $124.2544 and a high of $128.52 during the session. Over the past five days, the stock has lost -1.00%. However, since the beginning of the year, Amazon.com Inc. shares have risen by nearly 48.48%. Over the past year, the stock has risen by 10.37%. The 52-week high was reached on September 14, 2023, at $145.86, while the 52-week low was recorded on January 6, 2023, at $81.43. The simple moving average (SMA) at 50 days is $134.62, and at 200 days it is $113.51. A total of 50.65 million shares were traded during the session, compared to 48.03 million shares in the previous session.
Looking at the levels of support and resistance for AMZN stock, the 24-hour chart shows a support level at $123.14. If this level is breached, further drops to $121.57 may occur. On the upside, there is a resistance level at $127.41, with another resistance level at $130.10. The relative strength index (RSI) on the 14-day chart is 35.93, indicating neutral technical sentiment. The moving average convergence divergence (MACD) stands at -4.83, suggesting that prices may decline in the next trading period. The percent R indicates bearish price movement at 92.64%. Stochastics %K at 17.79% suggests that the stock is a buying opportunity.
Short interest in Amazon.com Inc. saw a significant increase on September 14, 2023, rising by 3.82 million shares to a total of 80.25 million shares. This represents a rise of 4.76% from the prior-month short interest on August 14, 2023, which was 76.43 million shares. Despite short shares comprising just 1.03% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.69, indicating positive sentiment for the stock.
The largest shareholders of Amazon.com Inc., according to filings from The Vanguard Group, Inc., are now holding 688,451,442 shares, representing approximately 6.71% of the outstanding AMZN shares. BlackRock Fund Advisors increased its stake by 0.71%, bringing its total value to $52,773,423,084. SSgA Funds Management, Inc. added 1.20% to its stake, holding $46.35 billion in the firm. Fidelity Management & Research Co purchased 1,970,574 shares over the last quarter, while T. Rowe Price Associates, Inc. bought 27,771,068 shares. Geode Capital Management LLC currently holds 170,151,722 shares valued at $23.48 billion. Norges Bank Investment Management owned 98,376,088 shares of the company at the time of its most recent filing, worth $13.58 billion.
Despite some fluctuations in stock performance, 52 analysts have rated AMZN stock as a Buy for 2023.