Equinix Inc’s recently made public that its CEO and President Fox-Martin Adaire unloaded Company’s shares for reported $2.85 million on Dec 03 ’24. In the deal valued at $961.62 per share,2,965 shares were sold. As a result of this transaction, Fox-Martin Adaire now holds 3,069 shares worth roughly $2.85 million.
Then, Pletcher Kurt sold 222 shares, generating $213,608 in total proceeds. Upon selling the shares at $962.20, the Chief Legal Officer now owns 1,015 shares.
Before that, TAYLOR KEITH D sold 1,500 shares. Equinix Inc shares valued at $1,456,770 were divested by the Chief Financial Officer at a price of $971.18 per share. As a result of the transaction, TAYLOR KEITH D now holds 18,966 shares, worth roughly $17.59 million.
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 0.61% to $927.22. Over the last five days, the stock has lost -3.92%. Equinix Inc shares have risen nearly 15.13% since the year began. Nevertheless, the stocks have risen 16.72% over the past one year. While a 52-week high of $994.03 was reached on 11/27/24, a 52-week low of $684.14 was recorded on 05/08/24. SMA at 50 days reached $924.37, while 200 days put it at $830.57.
Levels Of Support And Resistance For EQIX Stock
The 24-hour chart illustrates a support level at 918.85, which if violated will result in even more drops to 910.48. On the upside, there is a resistance level at 936.03. A further resistance level may holdings at 944.84. The Relative Strength Index (RSI) on the 14-day chart is 42.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -33.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.76%. Stochastics %K at 4.68% indicates the stock is a buying.
How much short interest is there in Equinix Inc?
A steep rise in short interest was recorded in Equinix Inc stocks on 2024-11-29, growing by 0.3 million shares to a total of 1.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.34 million shares. There was a rise of 18.39%, which implies that there is a positive sentiment for the stock.
