In a filing, Prologis Inc revealed its Chief Investment Officer Ghazal Joseph unloaded Company’s shares for reported $0.67 million on Aug 23 ’24. In the deal valued at $129.07 per share,5,200 shares were sold. As a result of this transaction, Ghazal Joseph now holds 13,187 shares worth roughly $-1.59 million.
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Then, Ghazal Joseph bought 5,200 shares, generating $671,164 in total proceeds.
Before that, Connor James B. sold 103,331 shares. Prologis Inc shares valued at $13,763,689 were divested by the Director at a price of $133.20 per share. As a result of the transaction, Connor James B. now holds 21,419 shares, worth roughly $2.58 million.
BofA Securities downgraded its Prologis Inc [PLD] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in early August from “an Outperform” to “a Sector perform”. BMO Capital Markets also remained covering PLD and has decreased its forecast on April 22, 2024 with a “Market perform” recommendation from previously “an Outperform” rating. Evercore ISI revised its rating on March 18, 2024. It rated PLD as “an In-line” which previously was an “an Outperform”.
Price Performance Review of PLD
On Monday, Prologis Inc [NYSE:PLD] saw its stock jump 0.18% to $120.46. Over the last five days, the stock has gained 0.38%. Prologis Inc shares have fallen nearly -9.63% since the year began. Nevertheless, the stocks have risen 9.86% over the past one year. While a 52-week high of $137.52 was reached on 03/11/24, a 52-week low of $96.64 was recorded on 05/02/24. SMA at 50 days reached $125.08, while 200 days put it at $121.85.
Levels Of Support And Resistance For PLD Stock
The 24-hour chart illustrates a support level at 119.65, which if violated will result in even more drops to 118.84. On the upside, there is a resistance level at 121.12. A further resistance level may holdings at 121.78. The Relative Strength Index (RSI) on the 14-day chart is 38.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.61%. Stochastics %K at 22.03% indicates the stock is a holding.
How much short interest is there in Prologis Inc?
A steep rise in short interest was recorded in Prologis Inc stocks on 2024-09-30, dropping by -0.98 million shares to a total of 11.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 12.74 million shares. There was a decline of -8.3%, which implies that there is a negative sentiment for the stock.
