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

AInvestMonday, Oct 7, 2024 6:00 pm ET
1min read
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.
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.