Market Movers: Stock Dips Amid Strategic Moves and Challenges
Friday, Oct 25, 2024 6:00 pm ET
1min read 1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir Technologies' stock surged due to its inclusion in the S&P 500 and AI advancements. Despite the rise, analysts remain skeptical. Mizuho maintains an underperform rating with a $30 target. On October 15, insider sales occurred, with 7,321 shares sold by director Lauren Elaina Friedman.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block partners with Lyft for seamless payments via Cash App Pay. RBC Capital reaffirms “outperform” rating with a target of $88. Citi places Block on a 30-day negative catalyst watch while maintaining a “buy” rating with a $90 target.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings reported Q3 2024 revenue of $20.74 billion, up 19% year-over-year, with net income rising 88% to $1.77 billion. TD Cowen, Mizuho, and B of A Securities maintained positive ratings, with price targets set at $115, $125, and $140 respectively.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike and the NBA have extended their partnership through 2037 across apparel, merchandise, and marketing, solidifying Nike's leadership in global basketball. Meanwhile, Topsports reported a significant over 30% drop in half-year net profit due to challenges with Nike and Adidas.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony and Bungie are merging their creative studio teams; Sony announced a limited edition Monster Hunter-themed PS5 controller launching in Japan. Significant adjustments to Sony's PS Stars membership service have caused user dissatisfaction.
Palantir Technologies dipped mildly by -2.55%. Palantir Technologies' stock surged due to its inclusion in the S&P 500 and AI advancements. Despite the rise, analysts remain skeptical. Mizuho maintains an underperform rating with a $30 target. On October 15, insider sales occurred, with 7,321 shares sold by director Lauren Elaina Friedman.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block partners with Lyft for seamless payments via Cash App Pay. RBC Capital reaffirms “outperform” rating with a target of $88. Citi places Block on a 30-day negative catalyst watch while maintaining a “buy” rating with a $90 target.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings reported Q3 2024 revenue of $20.74 billion, up 19% year-over-year, with net income rising 88% to $1.77 billion. TD Cowen, Mizuho, and B of A Securities maintained positive ratings, with price targets set at $115, $125, and $140 respectively.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike and the NBA have extended their partnership through 2037 across apparel, merchandise, and marketing, solidifying Nike's leadership in global basketball. Meanwhile, Topsports reported a significant over 30% drop in half-year net profit due to challenges with Nike and Adidas.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony and Bungie are merging their creative studio teams; Sony announced a limited edition Monster Hunter-themed PS5 controller launching in Japan. Significant adjustments to Sony's PS Stars membership service have caused user dissatisfaction.
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.
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