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 $791,909 were purchased by Crenshaw Scott on Nov 05 ’24. At $895.82 per share, Crenshaw Scott acquired 884 shares.
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Also, Crenshaw Scott purchased 569 shares, netting a total of over 502,272 in proceeds.
Before that, MORANDI BRANDI GALVIN had sold 1,726 shares from its account. In a trade valued at $1,562,013, the Chief Legal and HR Officer traded Equinix Inc shares for $904.99 each. Upon closing the transaction, the insider’s holdings decreased to 1,726 shares, worth approximately $5.79 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 drop of approximately -2.13%. Over the course of the year, Equinix Inc shares have jumped approximately 10.61%. 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 $874.05, while a 200-day SMA reached $817.43. Nevertheless, trading volume fell to 0.67 million shares from 0.44 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 874.92, which, if violated, would cause prices to drop to 859.01. In the upper region, resistance lies at 901.31. The next price resistance is at 911.79. RSI (Relative Strength Index) is 50.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.32, which suggests the price will decrease in the coming days. Percent R is at 71.00%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
