In a filing, Prologis Inc revealed 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.
BMO Capital Markets downgraded its Prologis Inc [PLD] rating to a Market perform from a an Outperform in a research note published on April 22, 2024; the price target was decreased to $112 from $145. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in mid March from “an Outperform” to “an In-line”. JP Morgan also remained covering PLD and has increased its forecast on December 18, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. Mizuho revised its rating on December 05, 2023. It rated PLD as “a Neutral” which previously was an “a Buy”.
Price Performance Review of PLD
On Monday, Prologis Inc [NYSE:PLD] saw its stock jump 0.57% to $104.08. Over the last five days, the stock has lost -10.11%. Prologis Inc shares have fallen nearly -21.92% since the year began. Nevertheless, the stocks have fallen -15.55% 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 04/19/24. SMA at 50 days reached $127.33, while 200 days put it at $121.74. A total of 3.51 million shares were traded, compared to the trading of 6.93 million shares in the previous session.
Levels Of Support And Resistance For PLD Stock
The 24-hour chart illustrates a support level at 102.89, which if violated will result in even more drops to 101.71. On the upside, there is a resistance level at 104.92. A further resistance level may holdings at 105.75. The Relative Strength Index (RSI) on the 14-day chart is 17.16, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.04%. Stochastics %K at 4.56% indicates the stock is a buying.
