Tech Giants See Mild Dips Amid Insider Sales and Strategic Upgrades

1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir disclosed two insider transactions on August 20, 2024, with executive Taylor Ryan D. selling 160,000 shares on August 16, 2024.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block disclosed an insider transaction by executive Dale Ajmere, who sold 500 shares on August 13, 2024, as per Form 144 filed on August 15, 2024.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings reported a 10.34% increase in revenue to $3.592 billion for the first half of 2024. Evercore ISI Group and Mizuho upgraded Vertiv Holdings to Outperform. On July 31, 2024, insider Fallon David Joseph purchased 952 shares.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. NIKE's latest earnings report showed $57.00 billion in net income for FY 2024. Williams Trading upgraded NIKE to buy, setting a new price target of $93.00. Pershing Square initiated a new position in NIKE in Q2, indicating strong interest from major investors.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony Corporation released two 4K cameras, PXW-Z200 and HXR-NX800, featuring AI capabilities such as object recognition and auto-framing. Additionally, Sony's first-party game "Until Dawn: Enhanced Edition" will launch on October 4 for PC and PS5 at $59.99.