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 fall -2.70% to $115.79. Over the last five days, the stock has lost -8.23%. Prologis Inc shares have fallen nearly -13.14% since the year began. Nevertheless, the stocks have fallen -5.03% 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 04/15/24. SMA at 50 days reached $129.61, while 200 days put it at $122.15. A total of 3.82 million shares were traded, compared to the trading of 3.74 million shares in the previous session.
Levels Of Support And Resistance For PLD Stock
The 24-hour chart illustrates a support level at 113.99, which if violated will result in even more drops to 112.20. On the upside, there is a resistance level at 118.78. A further resistance level may holdings at 121.78. The Relative Strength Index (RSI) on the 14-day chart is 25.23, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.15%. Stochastics %K at 6.46% indicates the stock is a buying.
