Palantir Joins S&P 500, Sony Unveils PS5 Pro & More Market Updates
Wednesday, Sep 11, 2024 6:00 pm ET
1min read 1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir Technologies will join the S&P 500 on September 23. Bank of America raised its price target to $50 and maintained a buy rating. Co-founder Peter Thiel plans to sell up to $1 billion in shares. Wedbush reaffirmed an outperform rating with a target of $38.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. New Street Research initiated coverage on Block with a neutral rating and a $70 price target. UBS maintained its buy rating for Block, setting a new price target of $92. Block reported Q2 2024 revenue of $121.13 billion, up 15.08%, with a net profit of $6.61 billion.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings disclosed seven insider transactions on September 4, 2024, including an executive Winther Karsten buying 30,200 shares on September 3, 2024. Additionally, executive Lim Cheryl H. J. sold 2,914 shares on August 22, 2024.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike shareholders voted against a proposal to consider binding agreements with supply chain workers to address human rights issues in high-risk countries, led by investors including Domini Impact Equity Fund.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony has officially unveiled the PlayStation 5 Pro, set to launch on November 7 at $699.99. Despite its higher price, analysts predict its sales will be comparable to the PS4 Pro. The company's new "certified refurbished" section offers standard PS5s at half the Pro's price.
Palantir Technologies dipped mildly by -2.55%. Palantir Technologies will join the S&P 500 on September 23. Bank of America raised its price target to $50 and maintained a buy rating. Co-founder Peter Thiel plans to sell up to $1 billion in shares. Wedbush reaffirmed an outperform rating with a target of $38.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. New Street Research initiated coverage on Block with a neutral rating and a $70 price target. UBS maintained its buy rating for Block, setting a new price target of $92. Block reported Q2 2024 revenue of $121.13 billion, up 15.08%, with a net profit of $6.61 billion.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings disclosed seven insider transactions on September 4, 2024, including an executive Winther Karsten buying 30,200 shares on September 3, 2024. Additionally, executive Lim Cheryl H. J. sold 2,914 shares on August 22, 2024.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike shareholders voted against a proposal to consider binding agreements with supply chain workers to address human rights issues in high-risk countries, led by investors including Domini Impact Equity Fund.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony has officially unveiled the PlayStation 5 Pro, set to launch on November 7 at $699.99. Despite its higher price, analysts predict its sales will be comparable to the PS4 Pro. The company's new "certified refurbished" section offers standard PS5s at half the Pro's price.
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.