Large Outflow of Money Witnessed in Equinix

Equinix (NASDAQ:EQIX) jumped 0.5 points or 0.14% on strong buying and was last priced at $370.8 per share. The shares saw huge fund flow intraday; a massive $35.77 million made their way in through the upticks but an even bigger $39.24 million made their way out through downticks. As per the last observation, the net money flow stood at $(-3.47) million and the up/down ratio was found to be 0.91. The shares have seen a weekly value change of 1.68% .


Currently the company Insiders own 0.69% of Equinix shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -23.31% . During last six month period, the net percent change held by insiders has seen a change of -30.16%. On the companys insider trading activities,The director officer (CEO & President) of Equinix Inc, Smith Stephen M sold 3,621 shares at $368.18 on June 6, 2016. The Insider selling transaction had a total value worth of $1,333,180. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Equinix (NASDAQ:EQIX) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.98 points or 0.26% at $369.32 with 703,320 shares getting traded. Post opening the session at $370.01, the shares hit an intraday low of $369.01 and an intraday high of $376.73 and the price was in this range throughout the day. The company has a market cap of $25,641 million and the number of outstanding shares have been calculated to be 69,427,936 shares. The 52-week high of Equinix (NASDAQ:EQIX) is $376.73 and the 52-week low is $249.96.

Many analysts have stated their opinion on the company shares. Barclays initiates coverage on Equinix (NASDAQ:EQIX) In a research note issued to the investors, the brokerage major announces price-target of $330 per share.The shares have been rated Equal-weight. The rating by the firm was issued on March 21, 2016.

Equinix, Inc. is a networking company. The Company provides data center offerings primarily consisting of colocation, interconnection solutions and managed IT infrastructure services. The Companys colocation offerings include Cabinets, Power and IBXflex. Cabinets allows customer for colocating networking, server and storage equipment. Power is an element of increasing importance in customers colocation decisions. IBXflex allows customers to deploy mission-critical operations personnel and equipment on-site at its IBX data centers. The Companys interconnection solutions enable scalable, reliable and cost-effective interconnection and traffic exchange between Equinix customers. The Company offers managed IT infrastructure services, such as Equinix Professional Services, which offers practical guidance and proven solutions to help customers optimize and future-proof the data center architectures.

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