Equinix opened at $728.78 today before posting solid session gaining 3.1%

Published: May 26 2023, 22:46 GMT+0

Equinix opened at $728.78 today before posting solid session gaining 3.1%

A quick look at today: bullish sentiment helped the internet connection and data center specialist to hammer out a noteworthy $712.5 to $737.72 range today, and finally closing at $729.15 to end the session.

  • Daily trading volume (682,448 shares) was above the current multiday average of 404,733.
  • Equinix's board sets quarterly dividend of $3.41 per share to be paid on Wednesday, June 21st; annual dividend yield esimated at 1.87%.

With around 3 days until market open on the NASDAQ, today's session saw to it that S&P 500 moves up 1.3% before ending the session at 4,205.45. Equinix climbed to $707.26 with similar gains seen throughout the Real Estate sector (up 0.729%).

Equinix hit a significant low of $505.39 around 7 months ago, but has since recovered 39.94%. So far this year, it has been doing worse than the S&P by 2.11%. The data center manager's market cap currently stands at $68.19 billion with an average daily trading volume of 404,733 shares. Equinix's last revenue report was $2.00 billion with an EPS of $2.77.

Looking back, the firm's board declared a dividend of $3.41 per share on Wednesday, May 3rd for all shareholders on record up until Wednesday, May 24th. Based on current prices, the move allows shareholders to receive an annual dividend yield of 1.87% this year to be paid on Wednesday, June 21st.

A look at other real estate stocks also showed bullish price action as ProLogis was up 2.43%.