Insider Moves and Leadership Shifts: Key Insights on PLTR, SQ, VRT, NKE, and SONY

1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir Technologies Chairman Peter Thiel sold nearly $600 million in company stock this year, totaling over $1 billion. On September 26, Palantir disclosed four insider transactions, with Thiel selling 7.2146 million shares. Wedbush maintains an Outperform rating with a $45 target.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. New Street Research has initiated coverage on Block with a neutral rating and a $70.00 price target. UBS maintains a buy rating on Block with a revised target of $92.00. Block disclosed seven insider transactions on August 23.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings disclosed insider transactions, including executive Karsten Winther purchasing 30,200 shares on September 3, 2024.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike announced a CEO change, with John Donahoe retiring and Elliott Hill taking over. Analysts from Truist Securities, RBC Capital, and Morgan Stanley maintained neutral ratings on Nike with target prices around $85. The company's revenue reached $51.36 billion, with net income of $5.7 billion.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony plans to release the PlayStation 5 Pro on November 7, but the website information went offline. Concerns arose among players following the company's recent announcements. Additionally, former Blizzard staff criticize Sony's diversity efforts, while the brand supports its creative team amidst controversy.