Shares of Equinix (EQIX) Sees Large Outflow of Money

Equinix (EQIX) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($4.25 million) and the uptick to downtick ratio was 0.88. The transaction value on upticks was $31.18 million and on downticks, the transaction value was $35.43 million. The transaction value of block trades during downticks was $5.59 million. The money flow was negative ($5.59 million), indicating the traders were booking profit on the price strength. Equinix (EQIX) rose $2.28 at $371.32, during intraday Monday , a rise of 0.62% over the previous days close.


Shares of Equinix, Inc. appreciated by 1.93% during the last five trading days but lost 2.27% on a 4-week basis. Equinix, Inc. is up 7.06% in the last 3-month period. Year-to-Date the stock performance stands at 24.12%.

Equinix (NASDAQ:EQIX): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $368.76 and $368.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $372.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $371.33, notching a gain of 0.62% for the day. The total traded volume was 329,135 . The stock had closed at $369.04 on the previous day.

In a related news,The officer (President, Equinix Europe) of Equinix Inc, Schwartz Eric sold 3,658 shares at $363.14 on August 8, 2016. The Insider selling transaction had a total value worth of $1,328,366. 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.

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