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Examining the Potential Price Growth of Equinix Inc (EQIX)

Equinix Inc’s filing revealed that its Officer Abdel Raouf acquired Company’s shares for reported $0.95 million on Nov 08 ’24. In the deal valued at $930.00 per share,1,022 shares were bought.

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Then, Crenshaw Scott bought 884 shares, generating $791,909 in total proceeds.

Before that, Crenshaw Scott bought 569 shares. Equinix Inc shares valued at $502,272 were divested by the Former Officer at a price of $882.73 per share.

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 Friday, Equinix Inc [NASDAQ:EQIX] saw its stock jump 1.47% to $921.06. Over the last five days, the stock has gained 3.69%. Equinix Inc shares have risen nearly 14.36% since the year began. Nevertheless, the stocks have risen 21.20% over the past one year. While a 52-week high of $943.02 was reached on 10/25/24, a 52-week low of $684.14 was recorded on 05/08/24. SMA at 50 days reached $877.98, while 200 days put it at $818.52.

Levels Of Support And Resistance For EQIX Stock

The 24-hour chart illustrates a support level at 913.28, which if violated will result in even more drops to 905.50. On the upside, there is a resistance level at 928.33. A further resistance level may holdings at 935.60. The Relative Strength Index (RSI) on the 14-day chart is 61.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 29.87%. Stochastics %K at 50.38% 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 2024-10-15, dropping by -0.17 million shares to a total of 1.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.51 million shares. There was a decline of -12.89%, which implies that there is a negative sentiment for the stock.

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