Market update
What happened
Amazon.com Inc (AMZN) recorded an insider disposal dated Aug. 3, with Douglas J. Herrington, CEO of Worldwide Amazon Stores, selling 1,000 common shares at $278.39 each. The stock’s latest weekly close was $274.48.
Weekly market data show an active trend and Relative Strength of 2.6, but Market Dynamics remained under pressure at -0.27. Turnover was also above normal, with 270.2 million shares against a 13-week average of 240.8 million.