Insider Trades and Strategic Moves: Key Developments in Major Tech and Retail Stocks
Friday, Aug 30, 2024 6:00 pm ET
1min read 1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir disclosed 22 insider trading transactions on August 22, 2024, with 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 reported $121.13 billion revenue and $6.61 billion net profit for H1 2024. UBS maintains Buy rating on Block with a target price of $92. On August 23, Block disclosed 7 insider transactions, including CFO Amrita Ahuja selling 6,661 shares.
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 and a net profit of $172 million for H1 2024. Insider trading included sales by Cheryl H.J. Lim and purchases by David Joseph Fallon. Evercore ISI and Mizuho rate Vertiv as outperforming, with recent target prices of $105 and $92, respectively.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. NIKE announced a partnership with LEGO, set to launch collaborative products and experiences next year. Stifel and Piper Sandler both maintain neutral ratings on NIKE with price targets of $79.00 and $80.00 respectively. NIKE's annual shareholder meeting is scheduled for September 10, 2024.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony unveiled the full-frame portrait lens FE 85mm F1.4 GM II. The PlayStation 5 Pro, with a design slightly thicker than PS5 Slim, may be launched as early as September. Sony Interactive Entertainment announced price increases for PS5 and peripherals effective September 2.
Palantir Technologies dipped mildly by -2.55%. Palantir disclosed 22 insider trading transactions on August 22, 2024, with 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 reported $121.13 billion revenue and $6.61 billion net profit for H1 2024. UBS maintains Buy rating on Block with a target price of $92. On August 23, Block disclosed 7 insider transactions, including CFO Amrita Ahuja selling 6,661 shares.
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 and a net profit of $172 million for H1 2024. Insider trading included sales by Cheryl H.J. Lim and purchases by David Joseph Fallon. Evercore ISI and Mizuho rate Vertiv as outperforming, with recent target prices of $105 and $92, respectively.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. NIKE announced a partnership with LEGO, set to launch collaborative products and experiences next year. Stifel and Piper Sandler both maintain neutral ratings on NIKE with price targets of $79.00 and $80.00 respectively. NIKE's annual shareholder meeting is scheduled for September 10, 2024.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony unveiled the full-frame portrait lens FE 85mm F1.4 GM II. The PlayStation 5 Pro, with a design slightly thicker than PS5 Slim, may be launched as early as September. Sony Interactive Entertainment announced price increases for PS5 and peripherals effective September 2.