Why Digital Realty Trust Stock Got Rocked Today
It was a case of guilt by association with Digital Realty Trust's (NYSE: DLR) shares on Thursday. The company took it on the chin in sympathy with a peer that was hit by a series of bearish analyst takes. This sent Digital Realty's shares down, too, and the stock ended up closing the day 1.5% lower in value. By contrast, the benchmark S&P 500 index had a good trading session, rising by 0.8%.That peer is Equinix, and that negative pundit reaction came in the wake of the company's analyst day presentation.Image source: Getty Images.Continue reading
It was a case of guilt by association with Digital Realty Trust's (NYSE: DLR) shares on Thursday. The company took it on the chin in sympathy with a peer that was hit by a series of bearish analyst takes. This sent Digital Realty's shares down, too, and the stock ended up closing the day 1.5% lower in value. By contrast, the benchmark S&P 500 index had a good trading session, rising by 0.8%.
That peer is Equinix, and that negative pundit reaction came in the wake of the company's analyst day presentation.
Image source: Getty Images.
