Insider Trades and New Collaborations: Market Moves for PLTR, SQ, VRT, NKE, and SONY
Wednesday, Sep 4, 2024 6:00 pm ET
1min read 1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir disclosed insider transactions on September 3, 2024, with executive Heather A. Planishek selling 14,000 shares on August 29, 2024. Additionally, Palantir revealed 22 insider transactions on August 22, 2024, including director Alexander C. Karp selling 535,100 shares.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. UBS maintains a Buy rating on Block with a target price of $92. On August 1, Block released its mid-2024 report showing a revenue of $12.13 billion, a 15.08% increase, and a net profit of $661 million.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings disclosed an insider transaction by executive Lim Cheryl H. J. on August 23, 2024, who sold 2,914 shares on August 22, 2024. Vertiv Holdings' revenue for the first half of 2024 was $3.592 billion, a 10.34% increase year-over-year.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. NIKE (NKE) and LEGO have launched a new sports toy collaboration. NIKE is set to hold its annual general meeting of shareholders on September 10, 2024. Stifel's survey indicates American consumers are favoring athletic brands like Adidas and New Balance over NIKE.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony Interactive Entertainment and Firewalk announced their AAA game "Starfire Ops" will cease operations on September 6, setting a record for the shortest GaaS lifespan. Meanwhile, Sony acquired marketing rights for "GTA6" and plans to heavily promote the game on PS platforms.
Palantir Technologies dipped mildly by -2.55%. Palantir disclosed insider transactions on September 3, 2024, with executive Heather A. Planishek selling 14,000 shares on August 29, 2024. Additionally, Palantir revealed 22 insider transactions on August 22, 2024, including director Alexander C. Karp selling 535,100 shares.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. UBS maintains a Buy rating on Block with a target price of $92. On August 1, Block released its mid-2024 report showing a revenue of $12.13 billion, a 15.08% increase, and a net profit of $661 million.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings disclosed an insider transaction by executive Lim Cheryl H. J. on August 23, 2024, who sold 2,914 shares on August 22, 2024. Vertiv Holdings' revenue for the first half of 2024 was $3.592 billion, a 10.34% increase year-over-year.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. NIKE (NKE) and LEGO have launched a new sports toy collaboration. NIKE is set to hold its annual general meeting of shareholders on September 10, 2024. Stifel's survey indicates American consumers are favoring athletic brands like Adidas and New Balance over NIKE.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony Interactive Entertainment and Firewalk announced their AAA game "Starfire Ops" will cease operations on September 6, setting a record for the shortest GaaS lifespan. Meanwhile, Sony acquired marketing rights for "GTA6" and plans to heavily promote the game on PS platforms.
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