In a filing, Equinix Inc revealed its Officer DAVID J. MORANDI TTEE ANDBRAND acquired Company’s shares for reported $0.72 million on Sep 10 ’24. In the deal valued at $831.80 per share,864 shares were bought.
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Then, Campbell Michael Earl sold 600 shares, generating $490,036 in total proceeds. Upon selling the shares at $816.73, the Chief Sales Officer now owns 14,800 shares.
Before that, Crenshaw Scott sold 1,107 shares. Equinix Inc shares valued at $902,871 were divested by the EVP, GM Digital Services at a price of $815.60 per share. As a result of the transaction, Crenshaw Scott now holds 4 shares, worth roughly $3459.12.
Wells Fargo upgraded its Equinix Inc [EQIX] rating to an Overweight from a an Equal weight in a research note published on July 23, 2024; the price target was increased to $875 from $825. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in mid July with a ‘”an Outperform”‘ rating. Goldman began covering EQIX with “Buy” recommendation on July 01, 2024. HSBC Securities revised its rating on March 20, 2024. It rated EQIX as “a Hold” which previously was an “a Buy”.
Price Performance Review of EQIX
On Tuesday, Equinix Inc [NASDAQ:EQIX] saw its stock jump 3.96% to $864.78. Over the last five days, the stock has gained 3.92%. Equinix Inc shares have risen nearly 7.37% since the year began. Nevertheless, the stocks have risen 12.10% over the past one year. While a 52-week high of $914.93 was reached on 03/04/24, a 52-week low of $677.80 was recorded on 05/08/24. SMA at 50 days reached $803.01, while 200 days put it at $801.15.
Levels Of Support And Resistance For EQIX Stock
The 24-hour chart illustrates a support level at 844.93, which if violated will result in even more drops to 825.08. On the upside, there is a resistance level at 875.04. A further resistance level may holdings at 885.30. The Relative Strength Index (RSI) on the 14-day chart is 67.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 12.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.20%. Stochastics %K at 70.89% indicates the stock is a holding.
How much short interest is there in Equinix Inc?
A steep rise in short interest was recorded in Equinix Inc stocks on 2024-08-15, dropping by -0.21 million shares to a total of 1.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.61 million shares. There was a decline of -14.68%, which implies that there is a negative sentiment for the stock.
