Market Dips: Palantir Insider Moves, Blocks New Partnership, and Vertivs Revenue Surge
Wednesday, Oct 23, 2024 6:00 pm ET
1min read 1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir disclosed insider transactions with a director selling shares on October 15, 2024, and an executive purchasing shares on October 4, 2024. Mizuho maintained an underperform rating, setting a new price target at $30.00.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. RBC Capital reiterated its outperform rating for Block with a target price of $88. Citigroup included Block on a 30-day negative catalyst watch, maintaining a buy rating. Block partnered with Lyft to offer Cash App Pay for ride payments. BMO Capital also maintained an outperform rating for Block.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings reported Q3 2024 revenue of $20.74 billion, up 19% from last year, with net income of $1.77 billion, an 88% increase. Organic orders grew 17% year-over-year. Mizuho and B of A Securities maintained their ratings with price targets of $110 and $130, respectively.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike extended its global partnership with NBA, WNBA, and NBA G League for 12 years, affirming its leadership in basketball. Apple's CEO Tim Cook, a long-serving Nike board member, supports Nike through competitive challenges and leadership changes.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony completes Bungie integration, merging creative teams. It also launches new technology for autonomous mobile robots, achieving recognition with five papers accepted by IROS2024. Additionally, Sony is developing L3 autonomous driving vehicles in collaboration with Honda.
Palantir Technologies dipped mildly by -2.55%. Palantir disclosed insider transactions with a director selling shares on October 15, 2024, and an executive purchasing shares on October 4, 2024. Mizuho maintained an underperform rating, setting a new price target at $30.00.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. RBC Capital reiterated its outperform rating for Block with a target price of $88. Citigroup included Block on a 30-day negative catalyst watch, maintaining a buy rating. Block partnered with Lyft to offer Cash App Pay for ride payments. BMO Capital also maintained an outperform rating for Block.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings reported Q3 2024 revenue of $20.74 billion, up 19% from last year, with net income of $1.77 billion, an 88% increase. Organic orders grew 17% year-over-year. Mizuho and B of A Securities maintained their ratings with price targets of $110 and $130, respectively.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike extended its global partnership with NBA, WNBA, and NBA G League for 12 years, affirming its leadership in basketball. Apple's CEO Tim Cook, a long-serving Nike board member, supports Nike through competitive challenges and leadership changes.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony completes Bungie integration, merging creative teams. It also launches new technology for autonomous mobile robots, achieving recognition with five papers accepted by IROS2024. Additionally, Sony is developing L3 autonomous driving vehicles in collaboration with Honda.
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