Amazon.com Inc. shares increased by 0.57% over five trading sessions, with a year-to-date gain of 3.24% and a yearly gain of 24.54%. In July, Jeff Bezos sold nearly three million shares worth $665.8 million, part of a plan to offload up to 25 million shares by May 2026. Analysts adjusted price targets upwards for Amazon, with Cantor Fitzgerald estimating $260 and Truist $250. Amazon deployed its 1 millionth robot and plans to improve efficiency in its fulfillment centers. Its Q1 revealed significant revenue growth, particularly in Amazon Ads and AWS, despite still being 15% below its all-time high.
Shares of Amazon.com Inc. gained 0.57% over the past five trading sessions, resulting in a year-to-date increase of 3.24% and a yearly gain of 24.54%.
In July, it was reported that Jeff Bezos sold nearly three million shares worth $665.8 million, part of a larger plan to unload up to 25 million shares by May 2026.
Amazon deployed its 1 millionth robot in July and launched its twelfth generation automated fulfillment center, aimed at increasing efficiency and reducing labor dependency.
Amazon Ads generated $13.9 billion in revenue in Q1, marking a 19% year-over-year increase, while AWS revenue grew by 17% with an annualized run rate of $117 billion.
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