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Last Price: 181.28 - Change: -2.04 - Change %: -1.1128
04/17/2024 16:14:00 EST

Amazon.com Inc (AMZN)

Industry: Internet Retail

Price Support Resistance

In the past 20 trading days, AMZN has been trading in a range between $189.05 and $178.15 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

AMZN is trading below resistance at $189.05, about 4% to the upside. There is support at $170.98 -6% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Amazon.com Inc $AMZN entered a Green zone 70 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $160.61, a potential down side of -11.4% from the recent price of 181.28. Our AI powered stock target predictor currently has a target price of $244.30 a potential move of 35%. The stock is trading 4.68% (potential upside) below its 52 week high of $189.77 and 79.22 % (potential downside) above its 52 week low of $101.15 - based on the recent price.

Company Summary

Amazoncom, Inc. engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally.

AMZN Website

News

Amazon is removing Just Walk Out at its grocery stores and plans to sell the tech to businesses
Amazon wants the public and—especially other businesses—to know it's not giving up on its Just Walk Out technology.
Source: Fast Company
Wed, 17 Apr 2024 16:31:17 -0400
Sentiment: Positive
Amazon Licenses Just Walk Out Tech in Battle for Grocery Stores' Loyalty
Amazon is pushing sales of its Just Walk Out technology even as it pulls back on the checkout system in its own grocery stores, a move that comes as tech giants compete to own the Click-and-Mortar™ grocery experience.
Source: PYMNTS
Wed, 17 Apr 2024 16:02:57 -0400
Sentiment: Positive
Amazon removed Just Walk Out from many of its own stores but wants to sell the system to others
Amazon wants the public and—especially other businesses—to know it's not giving up on its Just Walk Out technology.
Source: TechXplore
Wed, 17 Apr 2024 15:36:59 -0400
Sentiment: Positive
Wall Street Favorites: 3 Retail Stocks With Strong Buy Ratings for April 2024
If 2024 is any indication, those interested in retail stocks should look to the VanEck Retail ETF (NASDAQ: RTH ) for inspiration rather than the SPDR S&P Retail ETF (NYSEARCA: XRT ).  The former tracks the performance of the MVIS US Listed Retail 25 Index, while the latter follows the S&P Retail Select Industry Index.
Source: InvestorPlace
Wed, 17 Apr 2024 15:00:00 -0400
Sentiment: Positive
7 Stocks the Hedge Fund Gurus Are Piling Into: April 2024
With a lot of uncertainty in the market from geopolitics down to monetary policy, jittery investors may find comfort in hedge fund picks. Specifically, ideas that the alpha wolves of the market have put their money into may offer both confidence and upside.
Source: InvestorPlace
Wed, 17 Apr 2024 13:05:54 -0400
Sentiment: Positive
Instituions Institution %: 62.796
Last QTR Institution change: 129964601

Insiders
Insiders %: 9.175
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 32213010
Insiders Net last QTR: -32213010

Analyst Ratings
Target Price: 160.61
Overall Rating: 4.7049
Strong Buys (5): 45
Buys (4): 14
Holds (3): 2
Sells (2): 0
Strong Sells (1): 0

Technicals
52 Week Hi: 189.77
52 Week Low: 101.15
Beta: 1.16
50 Day MA: 176.67
200 Day MA: 148.969

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 50.693
Qtr Revenue Growth YOY: 0.139
Forward PE: 44.0529
Trailing PE: 63.2138

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