Amazon.com (NASDAQ:AMZN) has tumbled 1.6% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 0.51% in the last four weeks. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.42%. Amazon.com (NASDAQ:AMZN) has underperformed the index by 0.41% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Amazon.com (NASDAQ:AMZN): The stock opened at $718.19 on Friday but the bulls could not build on the opening and the stock topped out at $718.20 for the day. The stock traded down to $699.18 during the day, due to lack of any buying support eventually closed down at $706.39 with a loss of -1.55% for the day. The stock had closed at $717.51 on the previous day. The total traded volume was 5,897,788 shares.
The company shares have rallied 61.91% from its 1 Year high price. On Jun 6, 2016, the shares registered one year high at $731.50 and the one year low was seen on Jul 7, 2015. The 50-Day Moving Average price is $705.00 and the 200 Day Moving Average price is recorded at $625.00.
On the companys insider trading activities, Stonesifer Patricia Q, director of Amazon Com Inc, unloaded 6,250 shares at an average price of $725.93 on June 6, 2016. The total amount of the transaction was worth $4,537,063, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. KeyBanc maintains their rating on the shares of Amazon.com (NASDAQ:AMZN). The current rating of the shares is Overweight. Equity Analysts at the Firm raises the price target to $820 per share from $800 per share. The rating by the firm was issued on June 16, 2016. Currently the company Insiders own 17.7% of Amazon.com shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.22% . Institutional Investors own 76.97% of Amazon.com shares. During last six month period, the net percent change held by insiders has seen a change of -1.23%.
Amazon.com, Inc. (Amazon.com) is an e-commerce company. The Company sells a range of products and services through its Websites. The Companys products are offered through consumer-facing Websites, which include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It designs its Websites to enable products to be sold by the Company and by third parties across various product categories. It also manufactures and sells electronic devices, including Kindle e-readers, Fire tablets, Fire TVs, Echo and Fire phones. Amazon.com operates in two segments: North America and International. The North America segment focuses on retail sales earned through North America-focused Websites. The International segment focuses on the Companys operations done through its international Websites. It serves developers and enterprises through Amazon Web Services (AWS). It serves authors and independent publishers with Kindle Direct Publishing.