Market Dips: Insider Sales and New Ventures for Top NYSE Companies

1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Mizuho downgraded Palantir to underperform with a new price target of $22. Palantir disclosed insider transactions on July 12 and July 11. Two directors sold shares on July 10 and July 9, respectively. The company reported Q1 2024 revenue of $634 million.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block reported internal transactions with executive Ahuja Amrita selling 1,147 shares on July 8, 2024. Deutsche Bank maintained its buy rating with a price target of $98.00. Keefe, Bruyette & Woods maintained market perform rating, cutting the target to $74.00.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings Ltd. reported a trading volume of $929 million on July 12, 2024, marking a 59.79% increase from the previous day. Additionally, several Form 4 filings indicate changes in beneficial ownership of securities.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. A notable tire company has completed an expansion, increasing its capacity to 11 million units annually. Nike disclosed an insider transaction on July 12, revealing high-ranking executive Williams Craig A. sold 14,800 shares on July 10. Additionally, Nike is collaborating with Bandai Namco to release "Tekken 8 x Nike Air Foamposite One Fist" sneakers.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony might continue producing the Xperia V series, with recent leaks suggesting new features. The company also introduced the ZV-E10 II camera, enhancing video capabilities. Additionally, Sony faces potential tax impacts in Turkey's gaming market.