Market Movers: Insider Trades and Strategic Shifts Impact Big Tech and Retail Giants

1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir Technologies disclosed insider transactions on September 11, 2024. Executive Heather A. Planishek sold 20,000 shares on September 9, 2024. B of A Securities raised Palantir's price target to $50, maintaining a "buy" rating. Co-founder Peter Thiel plans to sell nearly $1 billion in shares.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block reported Q2 2024 revenue of $12.113 billion as of June 30, 2024, with net profit of $661 million. New Street Research initiated coverage with a neutral rating and $70.00 target price. UBS maintained a buy rating with a $92.00 target price.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings disclosed seven insider transactions on September 4, 2024, with executive Winther Karsten purchasing 30,200 shares. Another insider, Lim Cheryl H. J., sold 2,914 shares on August 22, 2024.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike shareholders voted against a proposal aimed at signing binding agreements to address human rights issues in high-risk countries, led by Domini Impact Equity Fund.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony's PS5 Pro has received criticism for lacking innovation, with high pricing displeasing many. Sony's PS5 Pro pricing has prompted Japanese PC merchants to market similarly priced gaming PCs. The PS5 cornerstone game, "Astro's Playroom," boosts the home gaming market. Sony China Star Project's "Yanmen" is released at the lowest global price.