Prologis Inc. (NYSE:PLD) traded today at a new 52-week high of $89.68. This new high was reached on below average trading volume as 323,000 shares traded hands, while the average 30-day volume is approximately 1.9 million shares.
In the past 52 weeks, shares of Prologis Inc. have traded between a low of $55.21 and a high of $89.68 and is now at $89.52, which is 62% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 0.8%.
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.
Based on a current price of $89.52, Prologis Inc. is currently 21.5% above its average consensus analyst price target of $70.23. The stock should discover initial support at its 50-day moving average (MA) of $84.38 and subsequent support at its 200-day MA of $76.58.
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