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 $1,244,205 were sold by TAYLOR KEITH D on Sep 03 ’24. At $829.47 per share, TAYLOR KEITH D sold 1,500 shares. The insider’s holdings dropped to 20,466 shares worth approximately $16.94 million following the completion of this transaction.
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Also, Miller Simon purchased 569 shares, netting a total of over 467,100 in proceeds.
Before that, Lin Jonathan had added 93 shares to its account. In a trade valued at $76,345, the Officer bought Equinix Inc shares for $820.91 each.
As published in a research note from Wells Fargo on July 23, 2024, Equinix Inc [EQIX] has been rated up from an Equal weight to an Overweight and the price target has been revised to $875 from $825. Analysts at Mizuho started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid July. As of July 01, 2024, Goldman has initiated its “Buy” rating for EQIX. Earlier on March 20, 2024, HSBC Securities downgraded its rating. Their new recommendation was “a Hold” for EQIX stock which previously was a “a Buy”.
Analyzing EQIX Stock Performance
During the last five days, there has been a surge of approximately 1.17%. Over the course of the year, Equinix Inc shares have jumped approximately 2.76%. 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 $796.15, while a 200-day SMA reached $800.10. Nevertheless, trading volume fell to 0.59 million shares from 0.4 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 819.06, which, if violated, would cause prices to drop to 810.53. In the upper region, resistance lies at 833.06. The next price resistance is at 838.53. RSI (Relative Strength Index) is 56.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.56, which suggests the price will increase in the coming days. Percent R is at 39.45%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
