Market Dips Amid Key Moves: Insider Sales, Strategic Partnerships, and Product Launches
Thursday, Oct 31, 2024 6:00 pm ET
1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir disclosed five insider transactions on October 29, 2024, including Director Karp Alexander C. selling 3.337 million shares.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. RBC Capital reaffirms Block's rating as outperform with a target price of $88, while Citibank lists Block as a negative catalyst watch due to risks in the 2025 fiscal guidance. Block partners with Lyft to enable Cash App Pay for convenient payments in rideshares.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings reported third-quarter fiscal 2024 revenue of $20.7 billion, exceeding expectations with 19% growth. Full-year guidance was raised despite a lower-than-expected Q4 revenue outlook. Multiple firms maintained or raised their bullish ratings and price targets on Vertiv.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike faces consumer complaints over poor shoe quality sold through Li Jiaqi's livestream. Additionally, Nike reported a 10% drop in Q1 fiscal 2025 global revenue and a 28% decline in net profit, prompting leadership changes to address these challenges.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony will release the new full-frame α1 II flagship camera and FE28-70mm f/2.0 GM lens on November 19. Sony will participate in the 2024 China International Import Expo, showcasing innovations in creativity and sustainability. Following the failure of a game, Sony closed Firewalk Studios.
Palantir Technologies dipped mildly by -2.55%. Palantir disclosed five insider transactions on October 29, 2024, including Director Karp Alexander C. selling 3.337 million shares.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. RBC Capital reaffirms Block's rating as outperform with a target price of $88, while Citibank lists Block as a negative catalyst watch due to risks in the 2025 fiscal guidance. Block partners with Lyft to enable Cash App Pay for convenient payments in rideshares.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings reported third-quarter fiscal 2024 revenue of $20.7 billion, exceeding expectations with 19% growth. Full-year guidance was raised despite a lower-than-expected Q4 revenue outlook. Multiple firms maintained or raised their bullish ratings and price targets on Vertiv.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike faces consumer complaints over poor shoe quality sold through Li Jiaqi's livestream. Additionally, Nike reported a 10% drop in Q1 fiscal 2025 global revenue and a 28% decline in net profit, prompting leadership changes to address these challenges.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony will release the new full-frame α1 II flagship camera and FE28-70mm f/2.0 GM lens on November 19. Sony will participate in the 2024 China International Import Expo, showcasing innovations in creativity and sustainability. Following the failure of a game, Sony closed Firewalk Studios.
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