Equinix Inc’s filing revealed 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 $7.98 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 $12.99 million.
HSBC Securities upgraded its Equinix Inc [EQIX] rating to a Buy from a a Hold in a research note published on October 04, 2024; the price target was increased to $1000 from $865. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in late July from “an Equal weight” to “an Overweight”. Mizuho began covering EQIX with “an Outperform” recommendation on July 11, 2024. Goldman started covering the stock on July 01, 2024. It rated EQIX as “a Buy”.
Price Performance Review of EQIX
On Tuesday, Equinix Inc [NASDAQ:EQIX] saw its stock jump 1.39% to $878.03. Over the last five days, the stock has gained 0.63%. Equinix Inc shares have risen nearly 9.02% since the year began. Nevertheless, the stocks have risen 18.23% 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 $849.24, while 200 days put it at $809.88.
Levels Of Support And Resistance For EQIX Stock
The 24-hour chart illustrates a support level at 870.34, which if violated will result in even more drops to 862.65. On the upside, there is a resistance level at 883.87. A further resistance level may holdings at 889.71. The Relative Strength Index (RSI) on the 14-day chart is 56.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.06%. Stochastics %K at 28.03% 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 2024-09-30, dropping by -0.39 million shares to a total of 1.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.55 million shares. There was a decline of -33.79%, which implies that there is a negative sentiment for the stock.
