Prologis Inc’s recently made public that its Director Connor James B. unloaded Company’s shares for reported $2.79 million on Dec 21 ’23. In the deal valued at $130.40 per share,21,419 shares were sold. As a result of this transaction, Connor James B. now holds 0 shares worth roughly $0.0.
Then, Connor James B. sold 103,331 shares, generating $13,763,689 in total proceeds. Upon selling the shares at $133.20, the Director now owns 21,419 shares.
Before that, FOTIADES GEORGE L sold 10,711 shares. Prologis Inc shares valued at $1,327,908 were divested by the Director at a price of $123.98 per share. As a result of the transaction, FOTIADES GEORGE L now holds 0 shares, worth roughly $0.0.
Evercore ISI downgraded its Prologis Inc [PLD] rating to an In-line from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “an Overweight”. Mizuho also remained covering PLD and has decreased its forecast on December 05, 2023 with a “Neutral” recommendation from previously “Buy” rating. Exane BNP Paribas revised its rating on July 20, 2023. It rated PLD as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of PLD
On Monday, Prologis Inc [NYSE:PLD] saw its stock jump 1.15% to $126.17. Over the last five days, the stock has lost -1.37%. Prologis Inc shares have fallen nearly -5.35% since the year began. Nevertheless, the stocks have risen 3.19% over the past one year. While a 52-week high of $137.52 was reached on 03/11/24, a 52-week low of $96.64 was recorded on 04/05/24. SMA at 50 days reached $130.34, while 200 days put it at $122.12. A total of 2.64 million shares were traded, compared to the trading of 1.51 million shares in the previous session.
Levels Of Support And Resistance For PLD Stock
The 24-hour chart illustrates a support level at 125.18, which if violated will result in even more drops to 124.18. On the upside, there is a resistance level at 126.73. A further resistance level may holdings at 127.28. The Relative Strength Index (RSI) on the 14-day chart is 42.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.17%. Stochastics %K at 21.44% indicates the stock is a holding.
How much short interest is there in Prologis Inc?
A steep rise in short interest was recorded in Prologis Inc stocks on Mar 15, 2024, dropping by -0.73 million shares to a total of 9.41 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 10.14 million shares. There was a decline of -7.76%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.33% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.17.
