Palantir Joins S&P 500, Sony Unveils PS5 Pro & More Market Updates

1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir Technologies will join the S&P 500 on September 23. Bank of America raised its price target to $50 and maintained a buy rating. Co-founder Peter Thiel plans to sell up to $1 billion in shares. Wedbush reaffirmed an outperform rating with a target of $38.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. New Street Research initiated coverage on Block with a neutral rating and a $70 price target. UBS maintained its buy rating for Block, setting a new price target of $92. Block reported Q2 2024 revenue of $121.13 billion, up 15.08%, with a net profit of $6.61 billion.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings disclosed seven insider transactions on September 4, 2024, including an executive Winther Karsten buying 30,200 shares on September 3, 2024. Additionally, executive 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 to consider binding agreements with supply chain workers to address human rights issues in high-risk countries, led by investors including Domini Impact Equity Fund.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony has officially unveiled the PlayStation 5 Pro, set to launch on November 7 at $699.99. Despite its higher price, analysts predict its sales will be comparable to the PS4 Pro. The company's new "certified refurbished" section offers standard PS5s at half the Pro's price.