In a filing, Equinix Inc. revealed its Chief Legal and HR Officer MORANDI BRANDI GALVIN unloaded Company’s shares for reported $35739.0 on Oct 28. In the deal valued at $549.83 per share,65 shares were sold. As a result of this transaction, MORANDI BRANDI GALVIN now holds 17,285 shares worth roughly $ 10.48 million.
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Then, Meyers Charles J sold 377 shares, generating $245,050 in total proceeds. Upon selling the shares at $650.00, the CEO and President now owns 7,439 shares.
Before that, Lin Jonathan sold 243 shares. Equinix Inc. shares valued at $156,377 were divested by the EVP, GM, Data Center Services at a price of $643.53 per share. As a result of the transaction, Lin Jonathan now holds 5,397 shares, worth roughly $3.27 million.
Barclays downgraded its Equinix Inc. [EQIX] rating to an Equal weight from a an Overweight in a research note published on Monday, September 23, 2022; the price target was decreased to $674 from $833. PT values the company’s stock at a premium of 10.01 to its Monday closing price. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who increased its forecast for the stock in late July from “a Perform” to “an Outperform”. Jefferies also remained covering EQIX and has increased its forecast on June 30, 2022 with a “Buy” recommendation from previously “Hold” rating.
Price Performance Review of EQIX
On Monday, Equinix Inc. [NASDAQ:EQIX] saw its stock fall -0.75% to $606.52. On the same session, the stock had its day’s lowest price of $606.20, but rose to a high of $617.31. Over the last five days, the stock has gained 7.08%. Equinix Inc. shares have fallen nearly -28.29% since the year began. Nevertheless, the stocks have fallen -22.43% over the past one year. While a 52-week high of $853.42 was reached on 01/03/22, a 52-week low of $494.89 was recorded on 10/13/22. SMA at 50 days reached $585.25, while 200 days put it at $664.96. A total of 0.52 million shares were traded, compared to the trading of 0.68 million shares in the previous session.
Levels Of Support And Resistance For EQIX Stock
The 24-hour chart illustrates a support level at 602.71, which if violated will result in even more drops to 598.90. On the upside, there is a resistance level at 613.82. A further resistance level may holdings at 621.12. The Relative Strength Index (RSI) on the 14-day chart is 62.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 42.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.93%. Stochastics %K at 89.43% indicates the stock is a selling.
How much short interest is there in Equinix Inc.?
A steep rise in short interest was recorded in Equinix Inc. stocks on Jul 14, 2022, growing by 0.21 million shares to a total of 1.46 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 1.25 million shares. There was a rise of 14.38%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.85% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.55.
Equinix Inc. [EQIX] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 11,475,720 shares, or roughly 12.60% of the outstanding EQIX shares. In other words, the investor’s shares have fallen by -6,988 from its previous 13-F filing of 11482708.0. Additionally, SSgA Funds Management, Inc. increased 11.72% of its stake after which the total value it holdings stand at $3,417,611,767, while BlackRock Fund Advisors added 2.31% of its stake to hold $3.19 billion in the firm. Over the last quarter, Capital Research & Management Co sold -109,546 shares of Equinix Inc., while Cohen & Steers Capital Management sold 661,045 shares. At present, Geode Capital Management LLC is holding 1,912,822 shares valued at $1.09 billion. T. Rowe Price Associates, Inc. owned 1,728,548 shares of the company at the time of its most recent 13F filing, worth $983.27 million.
According to FactSet, Equinix Inc.’s share price will average $706.29 in the next year, based on opinions of analysts polled by the firm. This is up nearly 12.91 percent from its previous closing price of $611.09. Analysts expect Equinix Inc. stock to reach the higher price of $870.00, while the lowest price estimate is $591.00. However, 25 analysts have rated EQIX stock as an Overweight in their predictions for 2022.