Equinix (EQIX) : The value of composite uptick trades was $45.44 million, whereas, the value of composite downtick trades was $54.12 million. The uptick to downtick ratio stood at 0.84 with a negative money flow of ($8.68) Million during Fridays trading session. The block trades money flow was negative ($9.5 million). The transaction of the trades on downticks amounted to $9.5 million, which confirms investors selling on the strength of price. Equinix (EQIX) gained 518 cents at $377.74, an increase of 1.39% over the previous days close.
Equinix (EQIX) stock is expected to deviate a maximum of $45.95 from the average target price of $392.1 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $457 and the most muted being $303.
Equinix (NASDAQ:EQIX): stock turned positive on Friday. Though the stock opened at $373.5, the bulls momentum made the stock top out at $378.98 level for the day. The stock recorded a low of $372.87 and closed the trading day at $376.86, in the green by 1.15%. The total traded volume for the day was 597,361. The stock had closed at $372.56 in the previous days trading.
In a related news,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, 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.