Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Prologis Inc shares valued at $671,164 were sold by Ghazal Joseph on Aug 23 ’24. At $129.07 per share, Ghazal Joseph sold 5,200 shares. The insider’s holdings dropped to 13,187 shares worth approximately $1.62 million following the completion of this transaction.
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Also, Ghazal Joseph purchased 5,200 shares, netting a total of over 671,164 in proceeds.
Before that, Connor James B. had sold 103,331 shares from its account. In a trade valued at $13,763,689, the Director traded Prologis Inc shares for $133.20 each. Upon closing the transaction, the insider’s holdings decreased to 103,331 shares, worth approximately $2.63 million.
As published in a research note from BofA Securities on August 12, 2024, Prologis Inc [PLD] has been rated down from a Buy to a Neutral and the price target has been revised to $128. Analysts at RBC Capital Mkts downgraded the stock from ‘”an Outperform”‘ to ‘”a Sector perform”‘ outlook in a report released in early August. As of April 22, 2024, BMO Capital Markets has decreased its “an Outperform” rating to a “Market perform” for PLD. Earlier on March 18, 2024, Evercore ISI downgraded its rating. Their new recommendation was “an In-line” for PLD stock which previously was a “an Outperform”.
Analyzing PLD Stock Performance
During the last five days, there has been a surge of approximately 3.74%. Over the course of the year, Prologis Inc shares have dropped approximately -7.95%. Shares of the company reached a 52-week high of $135.76 on 03/11/24 and a 52-week low of $101.11 on 05/02/24. A 50-day SMA is recorded $125.30, while a 200-day SMA reached $121.68. Nevertheless, trading volume fell to 5.45 million shares from 5.57 million shares the previous day.
Support And Resistance Levels for Prologis Inc (PLD)
According to the 24-hour chart, there is a support level at 121.29, which, if violated, would cause prices to drop to 119.89. In the upper region, resistance lies at 125.51. The next price resistance is at 128.33. RSI (Relative Strength Index) is 47.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.70, which suggests the price will increase in the coming days. Percent R is at 48.60%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
