Insider Moves and Market Shifts: Key Updates on Palantir, Block, Vertiv, Nike, and Sony

1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir disclosed 22 insider transactions on August 22, 2024, with Director Alexander C. Karp selling 535,100 shares. Northland Capital Markets initiated coverage on Palantir with a Market Perform rating and a $35.00 price target. Palantir released its mid-year report on August 6, 2024.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block reported Q2 2024 revenue of $12.113 billion, a 15.08% year-over-year increase, with net income of $661 million. UBS maintains its buy rating on Block, setting the price target at $92. Additionally, Block disclosed seven insider transactions on August 23, 2024.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings reported revenue of $35.92 billion for the period ending June 30, 2024, a 10.34% increase year-over-year. Evercore ISI Group and Mizuho both maintain Outperform ratings. Insider transactions on August 1 and 23 showed buys and sells by executives.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. NIKE will hold its annual general meeting of shareholders on 2024-09-10. LEGO and NIKE announced a partnership to create collaborative products and experiences launching next year. Stifel maintains its Hold rating on NIKE, lowering the price target to $79.00. Piper Sandler assumes NIKE at Neutral with an $80.00 price target.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony Interactive Entertainment announced a price increase for PlayStation 5 and related peripherals in Japan starting September 2 due to global economic conditions. Additionally, rumors suggest the PlayStation 5 Pro might launch as early as September.