Key Market Moves: Sonys PS5 Triumphs, Nikes New Certification & Palantirs Insider Sales

1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Mizuho downgraded Palantir Technologies to underperform and raised the price target to $22. Palantir reported Q1 2024 revenue of $634 million, up 20.78%. On July 12 and 11, Palantir disclosed insider transactions with significant stock sales by board members.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block executive Ahuja Amrita sold 1,147 shares on July 8, 2024. Deutsche Bank maintains a Buy rating on Block with a target price of $98. Keefe, Bruyette & Woods maintains a Market Perform rating on Block, lowering the target price to $74.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Technologies reported a trading volume of $554 million on July 16, 2024. Additionally, there was a change in beneficial ownership of securities as disclosed in Form 4 and an annual report on employee stock purchase and savings plans in Form 11-K.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Anli Co., Ltd.'s subsidiary Anli Vietnam has received Nike laboratory certification, allowing it to independently test polyurethane synthetic leather materials for Nike shoes. This certification enhances Anli Vietnam's ability to secure orders in Southeast Asia, boosting sales and strengthening its partnership with Nike.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony resumes Xperia Compact series. PS5 surpasses PS4 in initial Japan sales by 340,000 units. Sony might continue its Xperia V phones. Xperia 5 VI features larger flash and headphone jack. Sony alpha 9III boosts camera market presence. Sony launches ZV-E10 II with enhanced video capabilities. Sony faces potential import tax issues in Turkey. SIE Japan Studio closure due to creative limitations. Sony's new cross-platform 5V5 game Concord announced. Sony’s TV shipment under 600,000 units in H1 2023.