Insider Moves and Market Reactions: Key Updates on PLTR, SQ, VRT, NKE, and SONY
Friday, Sep 13, 2024 6:00 pm ET
1min read 1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir Technologies disclosed insider transactions on September 12, including Taylor Ryan D. selling 155,500 shares. On September 11, insider Planishek Heather A. sold 20,000 shares. Bank of America raised Palantir's target price to $50, maintaining a buy rating.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. New Street Research initiated coverage on Block with a neutral rating and a $70 target. UBS maintained its buy rating with a target of $92. Block reported 2024 interim revenue of $121.13 billion, a net profit of $6.61 billion, and disclosed insider trades on August 23.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings disclosed seven insider transactions on September 4, 2024, including executive Karsten Winther purchasing 30,200 shares on September 3. Another insider transaction was disclosed on August 23, 2024, with executive Cheryl H. J. Lim selling 2,914 shares.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike shareholders rejected a proposal to sign binding agreements for better addressing human rights issues in high-risk countries at the annual meeting. The proposal was led by Domini Impact Equity Fund and focused on supply chain workers' rights.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony confirms some Alpha 7R V cameras may not boot after upgrading to firmware 3.00. Sony Music is in advanced talks to acquire Pink Floyd's music rights for $500 million. Sony announced the domestic release of the PlayStation 5 Pro, launching November 7.
Palantir Technologies dipped mildly by -2.55%. Palantir Technologies disclosed insider transactions on September 12, including Taylor Ryan D. selling 155,500 shares. On September 11, insider Planishek Heather A. sold 20,000 shares. Bank of America raised Palantir's target price to $50, maintaining a buy rating.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. New Street Research initiated coverage on Block with a neutral rating and a $70 target. UBS maintained its buy rating with a target of $92. Block reported 2024 interim revenue of $121.13 billion, a net profit of $6.61 billion, and disclosed insider trades on August 23.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings disclosed seven insider transactions on September 4, 2024, including executive Karsten Winther purchasing 30,200 shares on September 3. Another insider transaction was disclosed on August 23, 2024, with executive Cheryl H. J. Lim selling 2,914 shares.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike shareholders rejected a proposal to sign binding agreements for better addressing human rights issues in high-risk countries at the annual meeting. The proposal was led by Domini Impact Equity Fund and focused on supply chain workers' rights.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony confirms some Alpha 7R V cameras may not boot after upgrading to firmware 3.00. Sony Music is in advanced talks to acquire Pink Floyd's music rights for $500 million. Sony announced the domestic release of the PlayStation 5 Pro, launching November 7.
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