ProLogis (PLD) has been under a strong bear grip, hence the stock is down -1.36% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.07% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.59% in the last 1 week, and is up 2.95% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 3.81% and the 50-Day Moving Average is 6.35%.
ProLogis (NYSE:PLD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $51.07 and $50.58 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $51.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $51.33, notching a gain of 0.73% for the day. The total traded volume was 3,933,700 . The stock had closed at $50.96 on the previous day.
The company Insiders own 1.29% of ProLogis shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -13.33% . Institutional Investors own 99.1% of ProLogis shares. During last six month period, the net percent change held by insiders has seen a change of -13.61%. In a related news,The officer (Chief Legal Off./Gen. Counsel) of Prologis, Inc., Nekritz Edward S sold 5,675 shares at $50.2 on June 17, 2016. The Insider selling transaction had a total value worth of $284,885. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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 4,700 customers, including third-party logistics providers, transportation companies, retailers and manufacturers. The Companys business consists of two operating segments: Real Estate Operations and Strategic Capital. The Companys 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.