Tech and Retail Shares Dip: Insider Trades and New Ventures Highlighted

1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir reported 22 insider transactions on August 22, 2024. Director Karp Alexander C. sold 535,100 shares. Northland Capital Markets initiated coverage of Palantir with a market perform rating and a $35.00 price target.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. UBS maintains its buy rating on Block, setting a target price of $92. Block's mid-2024 revenue reached $12.113 billion with a net profit of $661 million. The company disclosed seven insider transactions on August 23, including COO Amrita Ahuja selling 6,661 shares on August 22.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings reported $35.92 billion in revenue for H1 2024, a 10.34% YoY increase, with $1.72 billion net profit and basic EPS of $0.46. Evercore ISI and Mizuho both maintain Outperform ratings. Insider trades disclosed: Lim Cheryl H. J. sold 2914 shares on August 22, Fallon David Joseph bought 952 shares on July 31.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. NIKE will hold its annual general meeting of shareholders on 2024-09-10. NIKE announced collaboration with LEGO for sports-themed toys. Stifel maintains Hold on NIKE, lowering the price target to $79.00. Piper Sandler assumes NIKE at Neutral with an $80.00 price target.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony announced a 20% price increase for the PS5. Sony Interactive Entertainment CEO Tatsuhiro Eguchi discussed collaborating with Chinese gaming firms for overseas market challenges. Sony's new game Star Wars Special Forces is struggling with low player numbers. Honda and Sony unveiled their Afeela smart car.