Market Shifts: Insider Moves, Revenue Surges, and Stock Splits

Generated by AI AgentAinvest Market Brief
Monday, Oct 7, 2024 6:00 pm ET1min read
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1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir disclosed five insider transactions on October 1, 2024, including Director Peter Thiel selling 3.9892 million shares. Various filings indicate changes in beneficial ownership and proposed securities sales.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block's 2024 interim report shows revenue of $12.113 billion, up 15.08% year-over-year, with BMO Capital maintaining an "Outperform" rating and a new price target of $92.00.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Evercore ISI Group and Jefferies both rate Vertiv Holdings as outperform and buy, respectively, with a target price of $125. Vertiv reported $35.92 billion in revenue for 2024, a 10.34% increase year-over-year.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike reported a decline in Q1 FY2025, with revenue at $115.89 billion, down 10%, and net profit at $10.51 billion, down 28%. Greater China revenue fell by 4%.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony Group announced a 1-for-5 stock split effective October 9, 2024.

Market Watch column provides a thorough analysis of stock market fluctuations and expert ratings.

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