Equinix Inc’s recent filing unveils that its Chief Legal and HR Officer MORANDI BRANDI GALVIN unloaded Company’s shares for reported $0.73 million on Sep 10 ’24. In the deal valued at $850.00 per share,864 shares were sold. As a result of this transaction, MORANDI BRANDI GALVIN now holds 9,094 shares worth roughly $8.07 million.
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Then, DAVID J. MORANDI TTEE ANDBRAND bought 864 shares, generating $718,675 in total proceeds.
Before that, Campbell Michael Earl sold 600 shares. Equinix Inc shares valued at $490,036 were divested by the Chief Sales Officer at a price of $816.73 per share. As a result of the transaction, Campbell Michael Earl now holds 14,800 shares, worth roughly $13.14 million.
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 Monday, Equinix Inc [NASDAQ:EQIX] saw its stock jump 0.56% to $887.63. Over the last five days, the stock has gained 0.65%. Equinix Inc shares have risen nearly 10.21% since the year began. Nevertheless, the stocks have risen 23.12% 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 $829.87, while 200 days put it at $806.01.
Levels Of Support And Resistance For EQIX Stock
The 24-hour chart illustrates a support level at 881.51, which if violated will result in even more drops to 875.39. On the upside, there is a resistance level at 891.65. A further resistance level may holdings at 895.68. The Relative Strength Index (RSI) on the 14-day chart is 66.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.89, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.12%. Stochastics %K at 78.70% 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 2024-09-13, growing by 0.1 million shares to a total of 1.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.41 million shares. There was a rise of 6.71%, which implies that there is a positive sentiment for the stock.
