Insider Moves and Market Reactions: Key Insights on Palantir, Block, Vertiv, Nike, and Sony
Monday, Aug 26, 2024 6:00 pm ET
1min read 1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir disclosed 22 insider transactions on August 22, including Director Karp Alexander C. selling 535,100 shares. Northland Capital Markets initiated coverage on Palantir with a Market Perform rating and a $35.00 price target.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block disclosed seven insider transactions on August 23, 2024. Executive Ahuja Amrita sold 6,661 shares on August 22, 2024.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings disclosed an insider transaction on August 1, with executive David Joseph Fallon buying 952 shares on July 31. Another insider transaction was disclosed on August 23, with executive Lim Cheryl H. J. selling 2914 shares on August 22. Vertiv Holdings' revenue for H1 2024 reached $3.592 billion.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Stifel maintains a Hold rating on NIKE, lowering the price target to $79. NIKE reported fiscal 2024 revenue of $51.362 billion and net income of $5.7 billion. Piper Sandler assumes NIKE at Neutral with an $80 price target. NIKE and LEGO announced a multi-year partnership starting next year.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony's upcoming PS5 Pro is rumored to feature significant performance enhancements, including rendering, ray tracing, and machine learning capabilities. Additionally, the company is keenly observing the handheld gaming market and may be developing new portable gaming devices. Sony's Naughty Dog studio is also focusing on AI to transform content creation.
Palantir Technologies dipped mildly by -2.55%. Palantir disclosed 22 insider transactions on August 22, including Director Karp Alexander C. selling 535,100 shares. Northland Capital Markets initiated coverage on Palantir with a Market Perform rating and a $35.00 price target.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block disclosed seven insider transactions on August 23, 2024. Executive Ahuja Amrita sold 6,661 shares on August 22, 2024.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings disclosed an insider transaction on August 1, with executive David Joseph Fallon buying 952 shares on July 31. Another insider transaction was disclosed on August 23, with executive Lim Cheryl H. J. selling 2914 shares on August 22. Vertiv Holdings' revenue for H1 2024 reached $3.592 billion.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Stifel maintains a Hold rating on NIKE, lowering the price target to $79. NIKE reported fiscal 2024 revenue of $51.362 billion and net income of $5.7 billion. Piper Sandler assumes NIKE at Neutral with an $80 price target. NIKE and LEGO announced a multi-year partnership starting next year.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony's upcoming PS5 Pro is rumored to feature significant performance enhancements, including rendering, ray tracing, and machine learning capabilities. Additionally, the company is keenly observing the handheld gaming market and may be developing new portable gaming devices. Sony's Naughty Dog studio is also focusing on AI to transform content creation.
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