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Equinix Inc [EQIX] CEO and President makes an insider sale of 1,754 shares worth 1,584,263.

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Equinix Inc shares valued at $1,584,263 were sold by Meyers Charles J on Mar 07 ’24. At $903.23 per share, Meyers Charles J sold 1,754 shares. The insider’s holdings dropped to 13,914 shares worth approximately $11.27 million following the completion of this transaction.

Also, TAYLOR KEITH D sold 833 shares, netting a total of over 752,205 in proceeds. Following the sale of shares at $903.01 each, the insider now holds 24,466 shares.

Before that, MORANDI BRANDI GALVIN had sold 690 shares from its account. In a trade valued at $623,081, the Chief Legal and HR Officer traded Equinix Inc shares for $903.02 each. Upon closing the transaction, the insider’s holdings decreased to 690 shares, worth approximately $12.11 million.

As published in a research note from HSBC Securities on March 20, 2024, Equinix Inc [EQIX] has been rated down from a Buy to a Hold. Analysts at Truist upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid January. As of January 02, 2024, Wolfe Research has increased its “an Underperform” rating to a “Peer perform” for EQIX. Earlier on December 06, 2023, KeyBanc Capital Markets initiated its rating. Their recommendation was “a Sector weight” for EQIX stock.

Analyzing EQIX Stock Performance

During the last five days, there has been a surge of approximately 16.89%. Over the course of the year, Equinix Inc shares have jumped approximately 0.53%. Shares of the company reached a 52-week high of $914.93 on 03/04/24 and a 52-week low of $684.14 on 05/08/24. A 50-day SMA is recorded $786.13, while a 200-day SMA reached $786.66. Nevertheless, trading volume fell to 0.94 million shares from 0.91 million shares the previous day.

Support And Resistance Levels for Equinix Inc (EQIX)

According to the 24-hour chart, there is a support level at 799.89, which, if violated, would cause prices to drop to 790.09. In the upper region, resistance lies at 815.99. The next price resistance is at 822.31. RSI (Relative Strength Index) is 63.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 58.70, which suggests the price will increase in the coming days. Percent R is at 2.21%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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