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Market Dips Amid Exciting New Releases and Insider Transactions

AInvestFriday, Jul 12, 2024 6:00 pm ET
1min read
1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir disclosed an insider transaction on July 11, 2024, where Board Member Eric H. Woersching sold 3,026 shares on July 9, 2024.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Deutsche Bank maintains a Buy rating on Block with a new $98 target. Block's Q1 2024 revenue was $5.957 billion, up 19.38% YoY. Keefe, Bruyette & Woods rates Block as Market Perform, lowering the target to $74. Block disclosed insider transactions on July 5th and 10th.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings submitted several Form 4 statements indicating changes in beneficial ownership of securities and filed Form 11-K, the annual report for employee stock purchase, savings, and similar plans.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike and Bandai Namco collaborate to release "Tekken 8 x Nike Air Foamposite One Fist" sneakers. Nike also disclosed FY24Q4 and FY2024 full-year results, highlighting efforts to innovate in ESG practices to maximize sustainable value.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony launches disc replacement for "Final Fantasy 7 Rebirth" due to printing errors. Sony releases new APS-C mirrorless camera ZV-E10 II, enhancing autofocus and 4K video capabilities.
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.