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Insider Selling: Equinix (NASDAQ:EQIX) EVP Sells 584 Shares of Stock
Equinix EVP Raouf Abdel sold 584 shares of EQIX stock for approximately $563,963, reducing his position by 6.99%. This recent sale follows an earlier one in January. Despite missing quarterly earnings and revenue estimates, analysts maintain an “overweight” rating with a consensus target price of $1,006.91, and Equinix recently increased its quarterly dividend to $5.16 per share.