Market Dips: Insider Sales and New Ventures for Top NYSE Companies
AInvestTuesday, Jul 16, 2024 6:00 pm ET
1min read
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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.
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.