Palantirs AI Growth, Blocks Upgrades, and Nikes Brand Crisis: Market Movers

1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir Technologies disclosed insider transactions on July 17 and 22, with high-level executives selling shares. The company announced 2023 revenue of $2.225 billion, a 16.75% increase, driven by its AIP platform. Wedbush is optimistic about its AI profitability, while Mizuho adjusted its target price.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block saw significant activity: William Blair upgraded Block to Outperform; Deutsche Bank maintained a Buy rating with a $98 target; insider transactions disclosed include Esperanza Chrysty selling 2500 shares on July 15, 2024, and Ahuja Amrita selling 1147 shares on July 8, 2024.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings reported its Second Quarter fiscal 2024 results, revealing net income attributable to common shares. Vertiv Holdings continues to lead the Chinese UPS market for 16 consecutive years, as confirmed by recent 2024 reports from MIR and RMR.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike faces brand crisis over controversial promotional video; launches new "Winning Isn't for Everyone" campaign amid declining performance and market value. Additionally, Nike disclosed insider trading transactions involving Director Mark Parker on July 18.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony plans to release the α7V camera in 2025, while the previous α7IV model remains popular. Sony has discontinued the 5.5TB cartridge storage solution and released a new PS5 system update enhancing connectivity features. Sony is rumored to be developing a new handheld gaming device compatible with PS4 games.