Tech Titans and Market Moves: Insider Buys and Strategic Shifts
Wednesday, Oct 9, 2024 6:00 pm ET
1min read 1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir disclosed insider transactions on October 7 and 8, 2024. Executive Taylor Ryan D. purchased 195,500 shares on October 4, while Heather A. Planishek acquired 20,000 shares on the same day. Ark Invest views Palantir as having disruptive potential in the tech industry.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block's Q2 2024 revenue rose 15.08% year-over-year to $12.113 billion. BMO Capital maintains an "Outperform" rating with a $92 price target. Multiple Form 4 filings indicate changes in beneficial ownership.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings reports a 10.34% revenue increase to $35.92 billion as of June 30, 2024. Evercore ISI Group maintains an outperform rating with a $125 target, and Jefferies initiates coverage with a buy rating, also targeting $125.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike reported a 10% revenue decline and a 28% net income drop in its fiscal 2025 Q1 results, with Greater China revenue down 4%.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony Group (SONY) will execute a 1-for-5 stock split effective October 9, 2024. The company plans to remaster "Horizon Zero Dawn" and has doubled its PlayStation version price, sparking market attention. Sony's PS6 prototype is reportedly in early development stages.
Palantir Technologies dipped mildly by -2.55%. Palantir disclosed insider transactions on October 7 and 8, 2024. Executive Taylor Ryan D. purchased 195,500 shares on October 4, while Heather A. Planishek acquired 20,000 shares on the same day. Ark Invest views Palantir as having disruptive potential in the tech industry.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block's Q2 2024 revenue rose 15.08% year-over-year to $12.113 billion. BMO Capital maintains an "Outperform" rating with a $92 price target. Multiple Form 4 filings indicate changes in beneficial ownership.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings reports a 10.34% revenue increase to $35.92 billion as of June 30, 2024. Evercore ISI Group maintains an outperform rating with a $125 target, and Jefferies initiates coverage with a buy rating, also targeting $125.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike reported a 10% revenue decline and a 28% net income drop in its fiscal 2025 Q1 results, with Greater China revenue down 4%.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony Group (SONY) will execute a 1-for-5 stock split effective October 9, 2024. The company plans to remaster "Horizon Zero Dawn" and has doubled its PlayStation version price, sparking market attention. Sony's PS6 prototype is reportedly in early development stages.
