Market Dips and Major Moves: Palantir, Block, Nike, Sony, and Vertiv Highlights
Wednesday, Jul 10, 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 June 21, 2024, where Board Director Eric H. Woersching sold 3,000 shares on June 18, 2024. Monness, Crespi, Hardt downgraded Palantir's rating to sell on June 21, with a new target price of $20.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Keefe, Bruyette & Woods maintained a Market Perform rating on Block, lowering the price target to $74.00. Block's Q1 2024 revenue was $59.57 billion. On July 5, Block disclosed seven insider transactions, including CFO Amrita Ahuja selling 3304 shares on July 3.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings had a trading volume of $573 million on July 9, 2024. Form 4 filings indicated changes in beneficial ownership of securities, and a Form 11-K report covered employee stock purchase, savings, and similar plans. The company is driving innovation in AI and research.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike and Bandai Namco announced a collaboration to release "Tekken 8 x Nike Air Foamposite One Fist" sneakers. Nike reported FY2024 Q4 and full-year revenue of $51.4 billion, a 1% increase from the previous year. The "Tsinghua-Nike Sustainable Development Leadership Project" was also launched.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony has released the APS-C format interchangeable lens mirrorless Vlog camera ZV-E10 II for $999, launching domestically on July 12. Sony and ANIPLEX have formed a joint venture with the developer of "Fantasy Beast Pallu." Sony and other Japanese companies will invest 5 trillion yen in semiconductors.
Palantir Technologies dipped mildly by -2.55%. Palantir disclosed an insider transaction on June 21, 2024, where Board Director Eric H. Woersching sold 3,000 shares on June 18, 2024. Monness, Crespi, Hardt downgraded Palantir's rating to sell on June 21, with a new target price of $20.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Keefe, Bruyette & Woods maintained a Market Perform rating on Block, lowering the price target to $74.00. Block's Q1 2024 revenue was $59.57 billion. On July 5, Block disclosed seven insider transactions, including CFO Amrita Ahuja selling 3304 shares on July 3.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings had a trading volume of $573 million on July 9, 2024. Form 4 filings indicated changes in beneficial ownership of securities, and a Form 11-K report covered employee stock purchase, savings, and similar plans. The company is driving innovation in AI and research.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike and Bandai Namco announced a collaboration to release "Tekken 8 x Nike Air Foamposite One Fist" sneakers. Nike reported FY2024 Q4 and full-year revenue of $51.4 billion, a 1% increase from the previous year. The "Tsinghua-Nike Sustainable Development Leadership Project" was also launched.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony has released the APS-C format interchangeable lens mirrorless Vlog camera ZV-E10 II for $999, launching domestically on July 12. Sony and ANIPLEX have formed a joint venture with the developer of "Fantasy Beast Pallu." Sony and other Japanese companies will invest 5 trillion yen in semiconductors.
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.