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Keeping an Eye on Equinix Inc (EQIX) After Insider Trading Activity

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In a filing, Equinix Inc revealed its CEO and President Meyers Charles J unloaded Company’s shares for reported $1.58 million on Mar 07 ’24. In the deal valued at $903.23 per share,1,754 shares were sold. As a result of this transaction, Meyers Charles J now holds 13,914 shares worth roughly $10.54 million.

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Then, TAYLOR KEITH D sold 833 shares, generating $752,205 in total proceeds. Upon selling the shares at $903.01, the Chief Financial Officer now owns 24,466 shares.

Before that, MORANDI BRANDI GALVIN sold 690 shares. Equinix Inc shares valued at $623,081 were divested by the Chief Legal and HR Officer at a price of $903.02 per share. As a result of the transaction, MORANDI BRANDI GALVIN now holds 14,953 shares, worth roughly $11.33 million.

HSBC Securities downgraded its Equinix Inc [EQIX] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Truist’s analysts, who increased its forecast for the stock in mid January from “a Hold” to “a Buy”. Wolfe Research also remained covering EQIX and has increased its forecast on January 02, 2024 with a “Peer perform” recommendation from previously “an Underperform” rating. KeyBanc Capital Markets started covering the stock on December 06, 2023. It rated EQIX as “a Sector weight”.

Price Performance Review of EQIX

On Friday, Equinix Inc [NASDAQ:EQIX] saw its stock fall -1.91% to $757.68. Over the last five days, the stock has gained 8.21%. Equinix Inc shares have fallen nearly -5.92% since the year began. Nevertheless, the stocks have risen 0.98% over the past one year. While a 52-week high of $914.93 was reached on 03/04/24, a 52-week low of $672.88 was recorded on 05/08/24. SMA at 50 days reached $792.79, while 200 days put it at $786.79. A total of 0.98 million shares were traded, compared to the trading of 2.35 million shares in the previous session.

Levels Of Support And Resistance For EQIX Stock

The 24-hour chart illustrates a support level at 747.37, which if violated will result in even more drops to 737.05. On the upside, there is a resistance level at 773.50. A further resistance level may holdings at 789.31. The Relative Strength Index (RSI) on the 14-day chart is 52.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 16.03, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 36.53%. Stochastics %K at 49.96% indicates the stock is a holding.

The most recent change occurred on December 01, 2023 when HSBC Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $875 price target.

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