Large Inflow of Money Witnessed in Equinix

Equinix (EQIX) : Equinix (EQIX) had a healthy money flow of $0.33 million into the stock during the Thursdays trading session. The value of bullish trades on upticks was $1.2 million, whereas, investors only sold shares worth $0.87 million on downticks. The stock closed the day with an up-down ratio of 1.38.The money flow in the block trades to the tune of $0 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $0 million worth of transactions were on upticks. Equinix (EQIX) stock slid $0.28 intraday and traded at 387.16, a change of -0.07% over previous days close. However, for the week, the company shares are 0.07% compared to previous weeks close.


Equinix (EQIX) stock is expected to deviate a maximum of $46 from the average target price of $390.1 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. The stock has recorded a 20-day Moving Average of 1.29% and the 50-Day Moving Average is 6.69%.

Equinix (NASDAQ:EQIX): The stock opened at $387.34 on Thursday but the bulls could not build on the opening and the stock topped out at $387.83 for the day. The stock traded down to $381.88 during the day, due to lack of any buying support eventually closed down at $382.68 with a loss of -1.23% for the day. The stock had closed at $387.44 on the previous day. The total traded volume was 386,179 shares.

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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