Market Dips: Palantir Sells Big, Nikes Forecast Withdrawn, Sonys PSN Woes

1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Peter Thiel, Palantir Technologies' co-founder and chairman, recently sold nearly $600 million in company stocks, totaling over $1 billion for the year through Rivendell LLC.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block reported Q2 2024 revenue of $12.113 billion, up 15.08% YOY, with net income of $6.61 billion. New Street Research initiated coverage with a Neutral rating and a $70 price target. UBS maintains a Buy rating with a revised target of $92.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings disclosed seven insider transactions on September 4, 2024, with executive Karsten Winther purchasing 30,200 shares on September 3.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike's Q1 revenue dropped 10% year-over-year, and the company withdrew its annual performance forecast, postponing its investor day event. Multiple firms adjusted their ratings and price targets, including Barclays, Evercore ISI Group, TD Cowen, JP Morgan, UBS, and B of A Securities.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony reported issues with its online gaming service, PlayStation Network, affecting game launches and purchases on PS5 and PS4. The company is working to resolve the problem swiftly.