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 $3,905,916 were sold by Meyers Charles J on Jan 17 ’25. At $920.99 per share, Meyers Charles J sold 4,241 shares. The insider’s holdings dropped to 10,992 shares worth approximately $10.28 million following the completion of this transaction.
Also, TAYLOR KEITH D sold 3,184 shares, netting a total of over 2,896,863 in proceeds. Following the sale of shares at $909.82 each, the insider now holds 22,076 shares.
Before that, CHARLES J MEYERS had added 4,241 shares to its account. In a trade valued at $3,901,253, the Officer bought Equinix Inc shares for $919.89 each.
As published in their initiating research note from JMP Securities on January 27, 2025, Equinix Inc [EQIX] has been a Mkt outperform and the price target has been revised to $1200. Analysts at HSBC Securities upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early October. As of July 23, 2024, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for EQIX. Earlier on July 11, 2024, Mizuho initiated its rating. Their recommendation was “an Outperform” for EQIX stock.
Analyzing EQIX Stock Performance
During the last five days, there has been a drop of approximately -0.14%. Over the course of the year, Equinix Inc shares have dropped approximately -0.82%. Shares of the company reached a 52-week high of $964.73 on 01/06/25 and a 52-week low of $857.90 on 01/27/25. A 50-day SMA is recorded $939.24, while a 200-day SMA reached $852.39. Nevertheless, trading volume fell to 0.52 million shares from 0.37 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 925.14, which, if violated, would cause prices to drop to 915.07. In the upper region, resistance lies at 943.60. The next price resistance is at 951.99. RSI (Relative Strength Index) is 52.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 14.86, which suggests the price will increase in the coming days. Percent R is at 15.70%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
