Amazon.com (AMZN) : Traders are bullish on Amazon.com (AMZN) as it has outperformed the S&P 500 by a wide margin of 3.97% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.8%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.86% in the last 1 week, and is up 5.05% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.64% and the 50-Day Moving Average is 5.1%. Amazon.com (NASDAQ:AMZN): stock turned positive on Friday. Though the stock opened at $768.46, the bulls momentum made the stock top out at $773.15 level for the day. The stock recorded a low of $768.4225 and closed the trading day at $772.56, in the green by 0.17%. The total traded volume for the day was 1,563,318. The stock had closed at $771.24 in the previous days trading.
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 -1.24% . Institutional Investors own 65.3% of Amazon.com shares. During last six month period, the net percent change held by insiders has seen a change of -2.44%. Also, MKM Partners maintains their rating on the shares of Amazon.com (NASDAQ:AMZN). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $995 per share from $850 per share. The rating by the firm was issued on August 2, 2016.
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.