Insider Moves and Leadership Shifts: Key Insights on PLTR, SQ, VRT, NKE, and SONY
Friday, Sep 27, 2024 6:00 pm ET
1min read 1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir Technologies Chairman Peter Thiel sold nearly $600 million in company stock this year, totaling over $1 billion. On September 26, Palantir disclosed four insider transactions, with Thiel selling 7.2146 million shares. Wedbush maintains an Outperform rating with a $45 target.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. New Street Research has initiated coverage on Block with a neutral rating and a $70.00 price target. UBS maintains a buy rating on Block with a revised target of $92.00. Block disclosed seven insider transactions on August 23.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings disclosed insider transactions, including executive Karsten Winther purchasing 30,200 shares on September 3, 2024.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike announced a CEO change, with John Donahoe retiring and Elliott Hill taking over. Analysts from Truist Securities, RBC Capital, and Morgan Stanley maintained neutral ratings on Nike with target prices around $85. The company's revenue reached $51.36 billion, with net income of $5.7 billion.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony plans to release the PlayStation 5 Pro on November 7, but the website information went offline. Concerns arose among players following the company's recent announcements. Additionally, former Blizzard staff criticize Sony's diversity efforts, while the brand supports its creative team amidst controversy.
Palantir Technologies dipped mildly by -2.55%. Palantir Technologies Chairman Peter Thiel sold nearly $600 million in company stock this year, totaling over $1 billion. On September 26, Palantir disclosed four insider transactions, with Thiel selling 7.2146 million shares. Wedbush maintains an Outperform rating with a $45 target.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. New Street Research has initiated coverage on Block with a neutral rating and a $70.00 price target. UBS maintains a buy rating on Block with a revised target of $92.00. Block disclosed seven insider transactions on August 23.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings disclosed insider transactions, including executive Karsten Winther purchasing 30,200 shares on September 3, 2024.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike announced a CEO change, with John Donahoe retiring and Elliott Hill taking over. Analysts from Truist Securities, RBC Capital, and Morgan Stanley maintained neutral ratings on Nike with target prices around $85. The company's revenue reached $51.36 billion, with net income of $5.7 billion.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony plans to release the PlayStation 5 Pro on November 7, but the website information went offline. Concerns arose among players following the company's recent announcements. Additionally, former Blizzard staff criticize Sony's diversity efforts, while the brand supports its creative team amidst controversy.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.