Prologis Inc’s filing revealed that 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 $1.51 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 $2.45 million.
Goldman downgraded its Prologis Inc [PLD] rating to a Neutral from a a Buy in a research note published on October 21, 2024; the price target was decreased to $132 from $142. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid August from “a Buy” to “a Neutral”. RBC Capital Mkts also remained covering PLD and has decreased its forecast on August 05, 2024 with a “Sector perform” recommendation from previously “an Outperform” rating. BMO Capital Markets revised its rating on April 22, 2024. It rated PLD as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of PLD
On Tuesday, Prologis Inc [NYSE:PLD] saw its stock jump 0.50% to $114.43. Over the last five days, the stock has lost -0.76%. Prologis Inc shares have fallen nearly -14.16% since the year began. Nevertheless, the stocks have risen 7.40% over the past one year. While a 52-week high of $137.52 was reached on 03/11/24, a 52-week low of $101.11 was recorded on 05/02/24. SMA at 50 days reached $123.44, while 200 days put it at $120.82.
Levels Of Support And Resistance For PLD Stock
The 24-hour chart illustrates a support level at 113.08, which if violated will result in even more drops to 111.74. On the upside, there is a resistance level at 115.10. A further resistance level may holdings at 115.78. The Relative Strength Index (RSI) on the 14-day chart is 37.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.08%. Stochastics %K at 8.11% indicates the stock is a buying.
How much short interest is there in Prologis Inc?
A steep rise in short interest was recorded in Prologis Inc stocks on 2024-10-15, dropping by -4.93 million shares to a total of 9.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 14.68 million shares. There was a decline of -50.64%, which implies that there is a negative sentiment for the stock.
