Equinix (EQIX) stock had a bullish inflow of $49.98 million worth of trades on uptick and an outflow of $39.85 million in downticks on Tuesday. The total uptick to downtick ratio stood at 1.25. The net money flow into the stock was $10.12 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $7.53 million. $7.53 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Equinix (EQIX) stock traded down $0.27 , and reached $368.07, a drop of -0.07% over the previous day. On a weekly basis, the stock is 0.92%, over the previous weeks close.
Also, In a research note released to the investors, Barclays maintains its rating on Equinix (NASDAQ:EQIX).The analysts at the brokerage house have a current rating of Equal-weight on the shares. In a recent information released to the investors, Barclays raises the new price target from $372 per share to $377 per share. The rating by the firm was issued on August 18, 2016.
Equinix, Inc. has lost 0.02% in the last five trading days and dropped 2.41% in the last 4 weeks. Equinix, Inc. is up 1.06% in the last 3-month period. Year-to-Date the stock performance stands at 23.62%.
Equinix (NASDAQ:EQIX): The stock opened at $368.19 on Tuesday but the bulls could not build on the opening and the stock topped out at $369.23 for the day. The stock traded down to $364.82 during the day, due to lack of any buying support eventually closed down at $368.07 with a loss of -0.07% for the day. The stock had closed at $368.34 on the previous day. The total traded volume was 472,360 shares.
In a related news, The officer (Chief Marketing Officer), of Equinix Inc, Baack Sara had unloaded 300 shares at $368.76 per share in a transaction on August 15, 2016. The total value of transaction was $110,628. The Insider information was revealed by 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.