The Latest Breaking News from Prologis

 

The industrial real estate asset category has been, undoubtedly, playing a crucial role for the past few years in the growing e-commerce market, transforming how consumers shop and receive their goods. Moreover, the companies are making immense efforts to improve supply-chain efficiencies, propelling demand for logistics infrastructure and efficient distribution…

Prologis (NYSE:PLD) has outperformed the market over the past 10 years by 2.9% on an annualized basis producing an average annual return of 13.59%. Currently, Prologis has a market capitalization of $87.70 billion.

Within the last quarter, Prologis (NYSE:PLD) has observed the following analyst ratings:

Prologis's (NYSE:PLD) short percent of float has risen 29.46% since its last report. The company recently reported that it has 10.61 million shares sold short, which is 1.45% of all regular shares that are available for trading.

Prologis (NYSE:PLD) has outperformed the market over the past 10 years by 2.73% on an annualized basis producing an average annual return of 13.56%. Currently, Prologis has a market capitalization of $85.13 billion.

Someone with a lot of money to spend has taken a bearish stance on Prologis (NYSE:PLD). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

The Nasdaq composite lost 3.5% as it undercut the year's lows and sank to the lowest level since November 2020.

If history is any guide, there may be trouble ahead for shares of Prologis (NYSE:PLD). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

Analysts have provided the following ratings for Prologis (NYSE:PLD) within the last quarter:

The plant will create more than 150 jobs and unify the Northumberland gigaplant with a centrally based tech hub