Prologis, Inc. (PLD) Files Form 4 Insider Selling : Hamid R Moghadam Sells 349,668 Shares

Prologis, Inc. (PLD): Hamid R Moghadam , Chairman & CEO of Prologis, Inc. sold 349,668 shares on Jul 15, 2016. The Insider selling transaction was reported by the company on Jul 19, 2016 to the Securities and Exchange Commission. The shares were sold at $51.14 per share for a total value of $17881602 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 15, 2016, Hamid R Moghadam (Chairman & CEO) sold 37,673 shares at $51.01 per share price.On Jun 20, 2016, Edward S Nekritz (Chief Legal Off./Gen. Counsel) sold 5,675 shares at $50.20 per share price.Also, On May 13, 2016, J Michael Losh (director) sold 14,380 shares at $46.97 per share price.On May 5, 2016, Lori A Palazzolo (Chief Accounting Officer/MD) sold 4,400 shares at $45.76 per share price.

Prologis Inc: On Monday, Jul 18, 2016 heightened volatility was witnessed in Prologis Inc which led to swings in the share price. The shares opened for trading at $51.33 and hit $51.66 on the upside , eventually ending the session at $51.62, with a gain of 0.56% or 0.29 points. The heightened volatility saw the trading volume jump to 35,54,346 shares. The 52-week high of the share price is $51.66 and the company has a market cap of $27,119 M . The 52-week low of the share price is at $35.25.

Prologis Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Prologis Inc is Downgraded by UBS to Neutral and the brokerage firm has set the Price Target at $48. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jul 1, 2016.Prologis Inc is Downgraded by SunTrust to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jun 30, 2016.Prologis Inc is Downgraded by Deutsche Bank to Hold and the brokerage firm has raised the Price Target to $ 50 from a previous price target of $48 .Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jun 21, 2016.Prologis Inc is Downgraded by CapitalOne to Equal Weight. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on May 18, 2016.

Prologis Inc. is engaged in industrial logistics real estate focused on markets across the Americas Europe and Asia. The Company leases modern distribution facilities to more than 4700 customers including third-party logistics providers transportation companies retailers and manufacturers. The Company’s business consists of two operating segments: Real Estate Operations and Strategic Capital. The Company’s customer base represents a spectrum of international national regional and local distribution users. As of December 31 2014 the Company owned or had investments in on a wholly owned basis or through co-investment ventures properties and development projects expected to total approximately 590 million square feet (55 million square meters) in 21 countries.

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