• Return to Headlines

Shares of Prologis Inc Has Risen Above Previous 52-Week High

By Amy Schwartz

Shares of Prologis Inc (NYSE:PLD) traded at a new 52-week high today of $64.30. So far today approximately 242,000 shares have been exchanged, as compared to an average 30-day volume of 3 million shares.

Prologis, Inc. is an owner, operator, and developer of industrial real estate, focused on global and regional markets across the Americas, Europe, and Asia. The Company also leases modern distribution facilities to customers, including manufacturers, retailers, transportation companies, third-party logistics providers, and other enterprises.

Prologis Inc (NYSE:PLD) is currently priced 8.0% above its average consensus analyst price target of $58.88. Prologis Inc shares have support at the 50-day moving average (MA) of $43.38 and additional support at the 200-day MA of $41.16.

In the past 52 weeks, Prologis Inc share prices have been bracketed by a low of $45.93 and a high of $64.30 and are now at $63.98, 39% above that low price. The 200-day and 50-day moving averages have moved 0.30% higher and 1.52% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Prologis Inc on February 27th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $51.27. Since that recommendation, shares of Prologis Inc have risen 24.4%. We continue to monitor PLD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows prologis inc

Ticker(s): PLD