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 $1.56 million following the completion of this transaction.
Also, Ghazal Joseph purchased 5,200 shares, netting a total of over 671,164 in proceeds.
As published in a research note from Robert W. Baird on January 06, 2025, Prologis Inc [PLD] has been rated up from a Neutral to an Outperform and the price target has been revised to $123 from $124. Analysts at Raymond James downgraded the stock from ‘”a Strong buy”‘ to ‘”an Outperform”‘ outlook in a report released in mid December. As of December 06, 2024, BMO Capital Markets has decreased its “Market perform” rating to a “an Underperform” for PLD. Earlier on October 21, 2024, Goldman 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 surge of approximately 9.91%. Over the course of the year, Prologis Inc shares have jumped approximately 12.15%. Shares of the company reached a 52-week high of $118.58 on 01/23/25 and a 52-week low of $103.22 on 01/13/25. A 50-day SMA is recorded $111.00, while a 200-day SMA reached $115.86. Nevertheless, trading volume fell to 4.79 million shares from 5.43 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 115.83, which, if violated, would cause prices to drop to 113.13. In the upper region, resistance lies at 119.91. The next price resistance is at 121.29. RSI (Relative Strength Index) is 66.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.06, which suggests the price will increase in the coming days. Percent R is at 0.26%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
