From Nasdaq: 2024-11-07 11:36:55

Keith Brian Alexander, a director at Amazon ($AMZN), sold 900 shares of the company on 11-04-2024, representing approximately 18.9% of their shares. Following this trade, they now own 3,860 shares of Amazon stock. Amazon insiders have traded $AMZN stock on the open market 66 times in the past 6 months, with all trades being sales.

Members of Congress have traded $AMZN stock 11 times in the past 6 months, with 9 purchases and 2 sales. Institutional investors have made significant moves with Amazon stock, with 2,684 adding shares and 1,788 decreasing their positions in the most recent quarter.

The bull case for Amazon ($AMZN) highlights robust sales growth, partnerships, and profitability from high-margin businesses. The bear case cites challenges like rising costs and revenue projections for AWS, leading to a downward revision of EBIT estimates for 2024. Amazon remains a key player in e-commerce and technology.



Read more at Nasdaq: Insider Sale: Director at Amazon (AMZN) Sells 900 Shares