Amazon.com (AMZN) has risen sharply, recording gains of 4.11% in the past 4 weeks. However, the stock has corrected -1.39% in the past 1 week, providing a good buying opportunity on dips. Amazon.com (AMZN) : During the past 4 weeks, traders have been relatively bearish on Amazon.com (AMZN), hence the stock is down -0.25% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.84% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 1.61% and the 50-Day Moving Average is 2.97%.
Amazon.com (NASDAQ:AMZN): The stock opened at $746.55 on Friday but the bulls could not build on the opening and the stock topped out at $746.55 for the day. The stock traded down to $734.05 during the day, due to lack of any buying support eventually closed down at $735.44 with a loss of -0.78% for the day. The stock had closed at $741.20 on the previous day. The total traded volume was 3,121,385 shares.
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 76.84% of Amazon.com shares. During last six month period, the net percent change held by insiders has seen a change of -1.23%. In a related news, The Securities and Exchange Commission has divulged that Stonesifer Patricia Q, director of Amazon Com Inc, had unloaded 6,250 shares at an average price of $725.93 in a transaction dated on June 6, 2016. The total value of the transaction was worth $4,537,063.
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.