Equinix Inc’s filing revealed that its Chief People Officer MORANDI BRANDI GALVIN unloaded Company’s shares for reported $1.12 million on Feb 19 ’25. In the deal valued at $936.88 per share,1,200 shares were sold. As a result of this transaction, MORANDI BRANDI GALVIN now holds 9,061 shares worth roughly $8.33 million.
Then, MORANDI BRANDI GALVIN sold 684 shares, generating $643,306 in total proceeds. Upon selling the shares at $940.51, the Chief People Officer now owns 8,377 shares.
Before that, THE MORANDI TRUST U/A/D 07/23/ bought 684 shares. Equinix Inc shares valued at $643,306 were divested by the Officer at a price of $940.51 per share.
JMP Securities initiated its Equinix Inc [EQIX] rating to a Mkt outperform in a research note published on January 27, 2025; the price target was $1200. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in early October from “a Hold” to “a Buy”. Wells Fargo also remained covering EQIX and has increased its forecast on July 23, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Mizuho started covering the stock on July 11, 2024. It rated EQIX as “an Outperform”.
Price Performance Review of EQIX
On Friday, Equinix Inc [NASDAQ:EQIX] saw its stock fall -2.19% to $919.68. Over the last five days, the stock has lost -0.36%. Equinix Inc shares have fallen nearly -2.46% since the year began. Nevertheless, the stocks have risen 7.60% over the past one year. While a 52-week high of $994.03 was reached on 01/06/25, a 52-week low of $684.14 was recorded on 01/27/25. SMA at 50 days reached $934.30, while 200 days put it at $859.01.
Levels Of Support And Resistance For EQIX Stock
The 24-hour chart illustrates a support level at 912.30, which if violated will result in even more drops to 904.93. On the upside, there is a resistance level at 931.25. A further resistance level may holdings at 942.83. The Relative Strength Index (RSI) on the 14-day chart is 45.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.19%. Stochastics %K at 67.82% indicates the stock is a holding.
The most recent change occurred on July 01, 2024 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $870 price target.
