Market Watch: Insider Moves & Strategic Shifts in Tech, Retail, and Entertainment

1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. On October 29, 2024, Palantir disclosed five insider transactions, including the sale of 3.337 million shares by Director Karp Alexander C.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. RBC Capital reiterated its outperform rating on Block with a target price of $88.00. Block partnered with Lyft to offer convenient payment options via Cash App Pay. BMO Capital maintained its outperform rating with a target price of $92.00.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings' Q3 2024 results show revenue of $20.74 billion, up 19% year-over-year, with net profit rising 88% to $1.77 billion. The company maintained solid organic order growth, approximately 17% year-over-year for the quarter, consistent with prior trends.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike reported a 10% decline in global revenue and a 28% drop in net profit for Q1 2025, with Greater China revenue down 3%. The company is implementing high-level personnel changes to address performance pressures. Additionally, Nike extended its partnership with the NBA and WNBA until 2037.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony plans to release the new α1 II flagship camera and FE28-70mm f/2.0 GM zoom lens on November 19. Additionally, Sony announced the closure of Firewalk Studios following the poor performance of their game, causing operational restructuring.