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Tech Giants See Mild Dips Amid Insider Sales and Strategic Upgrades

AInvestWednesday, Aug 21, 2024 6:00 pm ET
1min read
1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir disclosed two insider transactions on August 20, 2024, with executive Taylor Ryan D. selling 160,000 shares on August 16, 2024.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block disclosed an insider transaction by executive Dale Ajmere, who sold 500 shares on August 13, 2024, as per Form 144 filed on August 15, 2024.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings reported a 10.34% increase in revenue to $3.592 billion for the first half of 2024. Evercore ISI Group and Mizuho upgraded Vertiv Holdings to Outperform. On July 31, 2024, insider Fallon David Joseph purchased 952 shares.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. NIKE's latest earnings report showed $57.00 billion in net income for FY 2024. Williams Trading upgraded NIKE to buy, setting a new price target of $93.00. Pershing Square initiated a new position in NIKE in Q2, indicating strong interest from major investors.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony Corporation released two 4K cameras, PXW-Z200 and HXR-NX800, featuring AI capabilities such as object recognition and auto-framing. Additionally, Sony's first-party game "Until Dawn: Enhanced Edition" will launch on October 4 for PC and PS5 at $59.99.
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.