Prologis Inc. (NYSE: PLD) has taken investors on an unwelcome round trip since it reported earnings on July 16. PLD stock initially jumped 4% after the real estate investment trust (REIT) reported. However, in less than 24 hours, the stock has given up those gains and more. As of midday trading on July 17, PLD stock is down 1.3% from its closing price on July 15.
This could be an example of investors shifting back to technology stocks as the AI trade recovers. However, that rotation into the AI trade is exactly why investors may want to look closely at Prologis.
