icon
icon
icon
icon
Upgrade
icon

Market Dips: Insider Moves, New Partnerships, and Strategic Shifts

AInvestTuesday, Aug 27, 2024 6:00 pm ET
1min read
1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir disclosed 22 insider transactions on August 22, 2024, including Director Karp Alexander C. selling 535,100 shares. Northland Capital Markets initiated coverage with a Market Perform rating and a $35.00 price target. Palantir released its mid-2024 report ending June 30.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. UBS maintains Buy rating on Block but lowers the price target to $92. Block reported a revenue of $12.13 billion and a net profit of $661 million for the period ending June 30, 2024. Block disclosed seven insider transactions on August 23, 2024.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings disclosed insider transactions, with a sale of 2,914 shares by executive Lim Cheryl H.J. on August 22, 2024, and a purchase of 952 shares by executive Fallon David Joseph on July 31, 2024. Vertiv's mid-year report shows a revenue of $35.92 billion, up 10.34%.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. NIKE's retro court styles are losing popularity among U.S. consumers, who prefer more comfortable and Terrace-style shoes, according to Stifel's survey. Additionally, NIKE announced a multi-year partnership with LEGO, set to launch next year, combining LEGO's creativity with NIKE's "Just Do It" spirit.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony announced a 19% price increase for the PlayStation 5 in Japan effective September 2. Additionally, Sony Pictures Networks India and Zee Entertainment Enterprises Ltd. have reached a legal settlement, concluding their merger dispute.
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.