On 07 Oct 2019, DIGITAL RLTY TR/SH (NYSE: DLR) remained among the day gainers losers and traded with change of -1.54% on volume of 1,664,103 shares in the last session as compared to average volume of 1430607 shares. During last trade its minimum price was $127.88 and it gained highest price of $130.08. Its closing value stands at $128.26.
Digital Realty (DLR), a leading global provider of data center, colocation, and interconnection solutions, hosted Illinois Governor J.B. Pritzker, state legislators and local leaders at its landmark 350 East Cermak Road facility in Chicago earlier recently to commemorate newly enacted tax incentives for the data center industry in Illinois. Digital Realty, together with a coalition of data center operators and providers, the Illinois Chamber of Commerce and the labor community, worked together alongside lawmakers on the new legislation which exempts qualifying data centers from certain state and local taxes. This legislation is predictable to generate data center demand and drive economic growth, reestablishing Illinois as a leading national data center destination.
“We congratulate Governor Pritzker, the General Assembly, the labor-business coalition, and many others who had the foresight to appreciate how important these incentives are to retain and attract data center business to the great state of Illinois,” stated Digital Realty Chief Executive Officer A. William Stein, who attended the event. “These incentives for data center consumers are a win-win that will create 21st century jobs and serve as an economic catalyst for the state of Illinois. With these incentives, Illinois will be even better positioned to directly benefit from the growth of the digital economy and attract new talent and industry to the state.”
The stock established a negative trend of -1.19% in last week and indicated fall of -0.28% in previous month. DLR price volatility for a month noted as 1.71% however its price volatility for a week documented as 1.76%. The corporation holds 208.28 million outstanding shares and its 208.24 million shares were floated in the market.