The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Equinix Inc shares valued at $377,319 were sold by Miller Simon on Mar 04 ’25. At $904.84 per share, Miller Simon sold 417 shares. The insider’s holdings dropped to 6,305 shares worth approximately $5.5 million following the completion of this transaction.
Also, Pletcher Kurt sold 116 shares, netting a total of over 104,961 in proceeds. Following the sale of shares at $904.83 each, the insider now holds 1,969 shares.
Before that, Lin Jonathan had sold 93 shares from its account. In a trade valued at $84,153, the Chief Business Officer traded Equinix Inc shares for $904.87 each. Upon closing the transaction, the insider’s holdings decreased to 93 shares, worth approximately $6.97 million.
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 -4.23%. Over the course of the year, Equinix Inc shares have dropped approximately -7.53%. 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 $925.17, while a 200-day SMA reached $865.76.
Support And Resistance Levels for Equinix Inc (EQIX)
According to the 24-hour chart, there is a support level at 856.64, which, if violated, would cause prices to drop to 841.38. In the upper region, resistance lies at 900.83. The next price resistance is at 929.76. RSI (Relative Strength Index) is 32.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -14.66, which suggests the price will decrease in the coming days. Percent R is at 98.09%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
