Stocks on the Slide: Insider Sales, New CEO, and Legal Battles

1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Raymond James downgraded Palantir to Market Perform. Recent filings reveal insider sales by directors, including Alexander C. Karp selling 4.5 million shares and Lauren Elaina Friedman selling 5,300 shares.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block's September 23rd trading volume was $3.59 billion. UBS maintains a Buy rating with a $92 target. New Street Research initiates with a Neutral rating and a $70 target. Block's H1 2024 revenue was $121.13 billion with a $6.61 billion net profit.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings disclosed seven insider transactions on September 4, 2024, including executive Winther Karsten purchasing 30,200 shares on September 3. Additionally, on August 23, 2024, executive Lim Cheryl H. J. sold 2,914 shares. The company is noted for its data center cooling and power infrastructure products.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike welcomes a new CEO with a total compensation of $27 million. The company reported annual revenue of $51.362 billion, up 0.28%. BofA Securities reiterated a Buy rating with a $104 target, while JP Morgan maintained Neutral with an $80 target.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony Interactive Entertainment will hold a State of Play showcase on September 25, featuring games like "Horizon: Zero Dawn" and "Until Dawn" remake. Meanwhile, Sony faces a lawsuit over trademark issues concerning a game's name conflicting with a film company's trademark.