Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Equinix Inc shares valued at $789,645 were sold by MORANDI BRANDI GALVIN on Oct 25 ’24. At $915.00 per share, MORANDI BRANDI GALVIN sold 863 shares. The insider’s holdings dropped to 8,231 shares worth approximately $7.49 million following the completion of this transaction.
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Also, DAVID J. MORANDI TTEE AND BRAN purchased 2,589 shares, netting a total of over 2,319,123 in proceeds.
Before that, MORANDI BRANDI GALVIN had sold 864 shares from its account. In a trade valued at $734,400, the Chief Legal and HR Officer traded Equinix Inc shares for $850.00 each. Upon closing the transaction, the insider’s holdings decreased to 864 shares, worth approximately $8.28 million.
As published in a research note from HSBC Securities on October 04, 2024, Equinix Inc [EQIX] has been rated up from a Hold to a Buy and the price target has been revised to $1000 from $865. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in late July. As of July 11, 2024, Mizuho has initiated its “an Outperform” rating for EQIX. Earlier on July 01, 2024, Goldman initiated its rating. Their recommendation was “a Buy” for EQIX stock.
Analyzing EQIX Stock Performance
During the last five days, there has been a surge of approximately 2.14%. Over the course of the year, Equinix Inc shares have jumped approximately 13.02%. Shares of the company reached a 52-week high of $943.02 on 10/25/24 and a 52-week low of $684.14 on 05/08/24. A 50-day SMA is recorded $866.24, while a 200-day SMA reached $814.95. Nevertheless, trading volume fell to 0.54 million shares from 0.53 million shares the previous day.
Support And Resistance Levels for Equinix Inc (EQIX)
According to the 24-hour chart, there is a support level at 906.53, which, if violated, would cause prices to drop to 902.83. In the upper region, resistance lies at 915.76. The next price resistance is at 921.29. RSI (Relative Strength Index) is 64.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 19.00, which suggests the price will increase in the coming days. Percent R is at 41.16%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
