Amazon.com Inc. shares experienced minimal movement, gaining 0.01%, with a 1.42% rise year-to-date and a 12.07% increase over the past year. Jeff Bezos sold shares worth $665.8 million, as part of a plan to sell up to 25 million shares. Analysts raised price targets, reflecting confidence in Amazon's performance. Recently, Amazon deployed its 1 millionth robot and reported significant growth in its revenue, particularly in advertising, showcasing improvements in operational metrics despite a dip from previous highs.
Shares of Amazon.com Inc. (NASDAQ:AMZN) have largely been stable over the past five trading sessions, gaining 0.01%, resulting in a year-to-date increase of 1.42%.
Jeff Bezos sold nearly three million shares valued at $665.8 million in July as part of a plan to unload up to 25 million shares by May 2026.
Truist and Bank of America both raised their price targets for Amazon, maintaining their 'Buy' ratings, indicating strong confidence in the company's prospects.
In the first quarter, Amazon Ads saw impressive revenue growth of $13.9 billion, highlighting the strength in its advertising segment despite a challenging stock environment.
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