Market Moves: Insider Trades, Revenue Shifts, and New Tech Unveils
AInvestTuesday, Oct 8, 2024 6:00 pm ET
1min read
PLTR --
1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir disclosed insider trading activities with four transactions on October 7, 2024. On October 4, 2024, executive Heather A. Planishek purchased 20,000 shares. On October 1, 2024, board member Peter Thiel sold 3.9892 million shares.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. BMO Capital maintains an "Outperform" rating on Block with a revised target price of $92.00. Block's revenue for the first half of 2024 reached $12.113 billion, marking a 15.08% year-over-year increase.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Evercore ISI Group and Jefferies rated Vertiv Holdings as Outperform and Buy respectively, both with a price target of $125.00. Vertiv's mid-year report showed revenue of $35.92 billion as of June 30, 2024, a 10.34% increase year-over-year.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. NIKE's FY2025 Q1 results show a 10% revenue decline to $115.89 billion and a 28% drop in net income to $10.51 billion. Greater China revenue fell 4%, and there's a leadership change planned to rebuild distributor relations.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony Group will implement a 1 for 5 stock split effective October 9, 2024, and has announced a new car sensor, the ISX038, with approximately 8.39 million pixels. Additionally, there are early glimpses and discussions of the PS6 prototype.
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.