Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $1.37 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 $2.23 million.
As published in a research note from Raymond James on December 11, 2024, Prologis Inc [PLD] has been rated down from a Strong buy to an Outperform and the price target has been revised to $125 from $130. Analysts at BMO Capital Markets downgraded the stock from ‘”a Market perform”‘ to ‘”an Underperform”‘ outlook in a report released in early December. As of October 21, 2024, Goldman has decreased its “Buy” rating to a “Neutral” for PLD. Earlier on August 12, 2024, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for PLD stock which previously was a “a Buy”.
Analyzing PLD Stock Performance
During the last five days, there has been a drop of approximately -7.19%. Over the course of the year, Prologis Inc shares have dropped approximately -22.05%. 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 $115.74, while a 200-day SMA reached $118.28. Nevertheless, trading volume fell to 5.23 million shares from 4.67 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 102.13, which, if violated, would cause prices to drop to 100.34. In the upper region, resistance lies at 107.41. The next price resistance is at 110.90. RSI (Relative Strength Index) is 27.50 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.27, which suggests the price will decrease in the coming days. Percent R is at 99.53%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
